For each of the following cash transactions, identify whether it is better described as an operating, financing,
Question:
1. An entrepreneur contributes his own money to start a new business.
2. The business buys a machine.
3. The business purchases inventory.
4. The business sells inventory to customers.
5. The business repays a loan.
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Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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