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14) Which of the following is a financing activity that would impact a company's cash flow statement? a) The company makes a sale on credit

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14) Which of the following is a financing activity that would impact a company's cash flow statement? a) The company makes a sale on credit to a customer. b) The company issues a discount on the sale of some of its products. c) The company took out a loan from a bank. d) The company makes a loan to one of its employees. 15) On the balance sheet, the Merchandise Inventory account is listed as a; a) current liability b) long-term asset c) long-term liability d) current asset When the terms of sale include, "2/10, n/30", a cash discount for prompt payment be taken at the rate of; - 10% b) 2% c) 30% d) 1% per day that the payment is made before the due date

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