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Bert Sailmakers, Inc. bought a piece of equipment for constructing radial spinnakers. Assume Bert financed this purchase with a financing lease. What activity classifications would

Bert Sailmakers, Inc. bought a piece of equipment for constructing radial spinnakers. Assume Bert financed this purchase with a financing lease. What activity classifications would be affected on the cash flow statement for the first monthly lease payment. Remember that a financing lease payment has both interest and debt reduction components.

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