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Below are typical transactions for a company. Required: Select the type of business activity as financing, investing, or operating for each transaction. Transactions 1. Issue
Below are typical transactions for a company. Required: Select the type of business activity as financing, investing, or operating for each transaction. Transactions 1. Issue common stock. 2. Receive cash from a bank loan. 3. Sell products to customers. 4. Pay employees' wages. 5. Purchase equipment 6. Pay dividends to stockholders 7. Sell building 8. Purchase office supplies. 9. Pay utilities 10. Pay for maintenance on delivery vehicles. Type of Business Activity
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