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1.)The following events occurred in KumarPro in May 2017. Identify each as an operating, investing, or financing activity. (2 pts each) a.KumarPro paid $35,000 in
1.)The following events occurred in KumarPro in May 2017. Identify each as an operating, investing, or financing activity. (2 pts each)
a.KumarPro paid $35,000 in taxes.
b.KumarPro earned $125,000 in cash sales.
c.KumarPro paid $17,000 in dividends to shareholders.
d.KumarPro bought a 20% stock in RonnyD Inc.
I think a) is operating, b) is operating, c) is financing, and d) is investing. Am I interpreting it right?
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