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In a statement of cash flows presented in a direct format, which one of the following transactions should be classified as an operating activity? A.Cash

In a statement of cash flows presented in a direct format, which one of the following transactions should be classified as an operating activity?

  • A.Cash received from the sale of the companys common stock.

  • B.Cash payment of interest on long-term debt.

  • C.Cash repayment of principal on long-term debt.

  • D.Cash paid for the purchase of another companys common stock.

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