Question: PROBLEM 6 (10 pts.) Identify the following items as either an Operating, Investing, or Financing activity in regard to its placement on the Statement of
PROBLEM 6 (10 pts.) Identify the following items as either an Operating, Investing, or Financing activity in regard to its placement on the Statement of Cash Flows. 1. The monthly payment on the principal of a long-term note 2. Payment for income taxes 3. Buying store supplies for cash 4. Selling an old building we didn't use anymore 5. Collecting accounts receivable 6. The reissue of treasury stock below cost 7. The sale of 10-year bonds at a discount 8. Cash received from daily sales at our pizza shop 9. Rent payments made on a warehouse 10. The purchase of new laptops for the accounting staff
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