Question: Classify each item as an operating, investing, or financing activity. Assume all items involve cash unless otherwise stated. (a) Purchase of equipment. (d) Depreciation. (b)

Classify each item as an operating, investing, or financing activity.  Assume all items involve cash unless otherwise stated.  (a) Purchase of equipment.  (d) Depreciation.  (b) Sale of building.  (e) Payment of dividends.  (c) Redemption of bonds.  (f) Issuance of ordinary shares.

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