A restaurant company has credit sales of $600,000 and cash sales of $150,000 during the same year that the Accounts Receivable account decreased by $50,000. What was the total of cash receipts from sales? Cash inflows from investing activities include the _______. 1. issuance of long-term debt. 2. sale of land. 3. sale of common stock. 4. purchase of equipment Operating activities do NOT include cash _______. 1. outflows for income taxes. 2. inflows from sale of equipment. 3. outflows for wages. 4. inflows from revenues. When a business earns net income, _________. 1. expenses exceed operating invomce and the business has less buying power. 2. cash flow from investing activities exceeds operating income. 3. food & beverage inventories exceed operating expenses. 4. the businesss has more cash for investment in the future and buying more assets to generate more revenues Classify the following items as an operating, an investing, or a financing activity. Assume all items involve cash unless there is information to the contrary. Matching pairs Purchase of equipment Sale of building Redemption of bonds Depreciation Payment of dividends Issuance of capital stock