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2. Classify each type of activity as O,I, or F Issuance of common stock Payment of employee salaries Sale of Inventory Sale of a truck

2. Classify each type of activity as O,I, or F Issuance of common stock Payment of employee salaries Sale of Inventory Sale of a truck Repayment of a loan, a 2-yr note payable Sale of investment of stock in other companies Paying a cash dividend Collection of an account receivable from a customer Purchase of land Repayment of an account payable to a vendor

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