Reference no: EM133007163
Problem 1: Which of the following is an example of an operating activity?
a. Obtaining capital from owners
b. Purchasing equipment
C. Selling goods and services to customers
d. Selling land
Problem 2: The owner's Capital account is found on the
a. balance sheet debit column and nowhere else.
b. trial balance credit column, adjusted trial balance credit column, and balance sheet credit column of a worksheet.
c. trial balance credit column, adjustments credit column, adjusted trial balance credit column, and balance sheet credit column of a worksheet.
d. trial balance credit column and income statement debit column of a worksheet.
e. trial balance debit column, adjustments debit column, adjusted trial balance credit column, and income statement credit column of a worksheet.
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