Item 1: Classify each transaction as either an operating activity OA, an investing activity IA,...
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Accounting
Item 1: Classify each transaction as either an operating activity OA, an investing activity IA, or a financing activity FA, or (d) a noncash investing and financing activity NC.
Selected transactions for the Entity A are listed below.
_____1. Retirement of bonds payable.
_____2. Paid salaries.
_____ 3. Purchase of equipment.
_____ 4. Cash dividends paid.
_____5. Cash sale of merchandise.
_____6. Issue par value common stock for cash.
_____ 7. Exchange of land for a patent.
_____ 8. Land was sold for its book value.
_____ 9. Cash paid for inventory.
______10. Direct issuance of a long-term note payable to acquire a building.
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