Question: Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless there is information to the contrary. (a) Purchase of

Classify each item as an operating, investing, or financing activity. Assume

Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless there is information to the contrary. (a) Purchase of equipment. (b) Proceeds from sale of building. (c) Redemption of bonds payable. (d) Cash received from sale of goods. (e) Payment of dividends. (f) Issuance of common stock. Attempts: 0 of 1 used Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless there is information to the contrary. (a) Purchase of equipment. (b) Proceeds from sale of building. (c) Redemption of bonds payable. (d) Cash received from sale of goods. (e) Payment of dividends. (f) Issuance of common stock. Attempts: 0 of 1 used

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