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Designate how each transaction would be reported on the statement of cash flows using OP tor operating activities. IN for investing activities, FI for financing
Designate how each transaction would be reported on the statement of cash flows using OP tor operating activities. IN for investing activities, FI for financing activities. I for an inflow of cash and O for an outflow of cash. If the transaction is included only in a supplemental schedule, denote this as SS. Paid cash dividends Purchased 6 months of insurance in advance Sold inventory for cash Purchased equipment signing a two-year note Collected accounts receivable balance from a customer Sold shares of another company's stock held for speculative purposes Reclassified a note from long term to short term Issued bonds at a premium
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