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Classify each of the following as an operating, investing, or financing activity under ASPE: Required 1 . Payments for inventory 2 . Payments for interest
Classify each of the following as an operating, investing, or financing activity under ASPE:
Required
Payments for inventory
Payments for interest
Receipt of cash from issuance of bonds payable
Receipt of cash from sale of equipment
Payments for acquisition of land
Receipt of cash from issuance of stock
Receipt of dividend income
Dividends paid to shareholders
Payment of salaries to employees
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