Question: Consider the following cash flows incurred by Leons. Classify each as operating, financing, or investing activities: a. Sale of furniture to customers b. Cash paid

Consider the following cash flows incurred by
Leon’s. Classify each as operating, financing, or investing activities:
a. Sale of furniture to customers
b. Cash paid to renovate a store
c. Purchase of new carpeting for stores
d. Sale of old shelving
e. A new bank loan
f. Wages paid to employees
g. Purchase of furniture for sale in a store
h. Payment of a to shareholders
i. Purchase of advertising in newspapers promoting merchandise on sale
j. Refund to a customer who purchased products that were damaged

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