For each of the following items, indicate whether it would be classified as either an (O) operating activity, an (I) investing activity, a (F) financial activity, or a significant (N) noncash financing and investing activity.________ (1) Cash sales of merchandise.________ (2) Sale of land for cash.________ (3) Signed a note payable in exchange for cash.________ (4) Purchased supplies for cash.________ (5) Paid cash to settle an account payable.________ (6) Purchased a warehouse in exchange for shares of its stock.________ (7) Paid interest on a note payable.________ (8) Reissued treasury stock.________ (9) Purchased equipment for cash.________ (10) Purchased equipment in exchange for a 6-month note payable.
What will be an ideal response?
1. O; 2. I; 3. F; 4. O; 5. O; 6. N; 7. O; 8. F; 9. I; 10. N
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