Question: Classifying Cash Flows For each of the items below, indicate whether it is (1) a cash flow from an operating activity. (2) a cash flow
Classifying Cash Flows For each of the items below, indicate whether it is (1) a cash flow from an operating activity. (2) a cash flow from an investing activity, (3) a cash flow from a financing activity, (4) a noncash invest- ing and financing activity, or (5) none of the above. a. Paid cash to retire bonds payable at a loss. b. Received cash as settlement of a lawsuit c. Acquired a patent in exchange for common stock. d. Received advance payments from customers on orders for custom-made goods. Gave large cash contribution to local university. f. Invested cash in 60-day commercial paper (a cash equivalent)
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