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Assume CVS Health Corporation executed the following transactions during the year. Indicate whether the transaction creates a cash inflow (In) or outflow (Out). Next, determine

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Assume CVS Health Corporation executed the following transactions during the year. Indicate whether the transaction creates a cash inflow (In) or outflow (Out). Next, determine how each item should be classified in the statement of cash flows: an operating activity (O), an investing activity (1), or a financing activity (F). For example: $50,000 cash received for the sale of snack foods. Answer: In/O 1. $250,000 cash paid to purchase a warehouse 2,$120,000 cash paid for interest on a loan 3. $850,000 cash paid to employees as wages 4, $20,000,000 cash raised through the issuance of stock 5. \$450,000 cash paid to the government for taxes 6. $350,000 cash received as part of a settlement of a legal case 7. $630,000 cash received from the sale of long-term securities 8. $75,000 cash received from the sale of used office equipment 9. $500,000 cash dividend paid to shareholders 10. $90,000 cash received as interest earned on a government bond

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