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Classify the following statements: (14 points) AS-asset source (Fuente de activo) AU-asset use (Uso de activo) AE-asset exchange (Intercambio de activo) AS, AU or AE

  1. Classify the following statements: (14 points)

AS-asset source (Fuente de activo)

AU-asset use (Uso de activo)

AE-asset exchange (Intercambio de activo)

AS, AU or AE

Transactions

Money (cash) borrowed from bank.

Stocks issued for cash.

Money (cash) paid for operational expenses.

Land bought in cash.

Dividends paid to stockholders.

Money (cash) received from customers for services performed.

Salaries and Wages paid to exempt and hourly employees.

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