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    chuckeeebeee's Avatar
    chuckeeebeee Posts: 10, Reputation: 1
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    #1

    May 7, 2007, 01:00 PM
    Operating Activity in Cash Flows
    Question:Which of the following activities is an operating activity?
    a. Issuing bonds at their face amount
    b. Issuing stock in complete payment of a fixed asset
    c. Purchasing the common stock of another corporation as an investment
    d. Purchasing merchandise inventory for resale to customers
    e. Paying off a long- mortgage note payable

    Thank you so much for your help on this question.
    CaptainForest's Avatar
    CaptainForest Posts: 3,645, Reputation: 393
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    #2

    May 7, 2007, 04:18 PM
    Answer: D
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