Indicate on the blanks below the letter of the type of activity (O = operating activity, F = financing activity, I = investing activity, N = noncash transaction) each of the following transactions represents. _____ 1. Firm sold 8,000 shares of its own common stock for cash. _____ 2. Sold $200,000 worth of products for cash. _____ 3. Paid $120,000 dividend. _____ 4. Received $1,500 in interest
income. _____ 5. Exchanged 6,000 shares of stock for 15-year bonds. _____ 6. Paid $121,000 to the U.S. Treasury for income taxes.
Fill in the blank(s) with correct word
1. F 4. O
2. O 5. N
3. F 6. O
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