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Gamma Innovations engaged in the following activities during the year: Sold equipment for $15,000. Issued common stock for $20,000. Repaid a long-term loan of
Gamma Innovations engaged in the following activities during the year:
· Sold equipment for $15,000.
· Issued common stock for $20,000.
· Repaid a long-term loan of $25,000. Classify each of these activities as operating, investing, or financing activities.
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