Question: Cash Flow Activity Classification Classify each activity as financing, investing, or operating: 1. Repay a loan from a bank. 2. Sell merchandise from a storefront

Cash Flow Activity Classification Classify each activity as financing, investing, or operating:

1. Repay a loan from a bank.

2. Sell merchandise from a storefront operation.

3. Dispose of an old delivery truck.

4. Pay rent on a company warehouse.

5. Repurchase shares of stock from stockholders.

6. Pay utilities.

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Heres the classification of each activity Repay a loan from a bank Financing This involves settling a debt which is a financing activity Sell merchandise from a storefront operation Operating Selling ... View full answer

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