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Classify each of the following transactions as an operating, investing, or financing activity; or a noncash investing and financing activity. Transaction Type of Activity 1.

Classify each of the following transactions as an operating, investing, or financing activity; or a noncash investing and financing activity.

Transaction Type of Activity

1. Payment of salaries Operating 2. Purchase of land with cash 3. Issuance of stock 4. Repayment of long-term notes 5. Payment of rent Operating

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