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Cash Flows (15 marks) For each of the following transactions, indicate the classification, impact on cash, and impact on profit. Sold equipment for $200,000
Cash Flows (15 marks) For each of the following transactions, indicate the classification, impact on cash, and impact on profit. Sold equipment for $200,000 cash for a gain Question 24 (0.5 points) Saved Listen What is the classification for the transaction? Operating Activity Investing Activity Financing Activity Non-cash investing and financing transaction No effect - Transaction does not belong to any of the above classifications.
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