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____ 1. The repayment of the principal on a loan used to finance the purchase of equipment should be classified as a(n) a. Operating activity
____ 1. The repayment of the principal on a loan used to finance the purchase of equipment should be classified as a(n)
| a. | Operating activity |
| b. | Investing activity |
| c. | Financing activity |
| d. | Noncash transaction |
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