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Part 1

Classifying inflows and outflows of cash Classify each of the following items as an inflow (I) or an outflow (O) of cash, or neither (N).

Item	Change ($)	Item	Change ($)
Cash Balance	390		Accounts receivable	+1,720
Accounts payable	1,270		Net profits	+980
Notes payable	+1,530		Depreciation	+1,240
Long-term debt	+980		Repurchase of stock	+980
Inventory	+200		Cash dividends	+820
Fixed assets	+500		Sale of stock	+930

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Part 1

(Select from the drop-down menu.)

Item	Change ($)	Classification (I/O)
Cash Balance	390		I