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Thursday, 2 August 2012

Below are certain events that took place at Hazzard, Inc., last year: Indicate whether the transaction

Below are certain events that took place at Hazzard, Inc., last year: Indicate whether the transaction would be classified as Operating, Investing or Financing.

   Transaction Activity                     
a. Paid bills to insurers and utility providers.   Operating correct
b. Purchased equipment with cash.   Investing correct
c. Paid wages and salaries to employees.   Operating correct
d. Paid taxes to the government.   Operating correct
e. Loaned money to another entity.   Investing correct
f. Sold common stock.   Financing correct
g. Paid a cash dividend to stockholders.   Financing correct
h. Paid interest to lenders.   Operating correct
i. Repaid the principal amount of a debt.   Financing correct
J. Paid suppliers for inventory purchases.   Operating correct
k. Borrowed money from a creditor.   Financing correct
l. Paid cash to repurchase its own stock.   Financing correct
m. Collected cash from customers.   Operating correct

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