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One multiple choice question Xanthe Corporation had the following transactions occur in the current year: 1. Cash sale of merchandise inventory. 2. Cash sale of

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Xanthe Corporation had the following transactions occur in the current year: 1. Cash sale of merchandise inventory. 2. Cash sale of delivery truck at book value. 3. Sale of Xanthe common stock for cash. 4. Issuance of a note payable to a bank for cash. 5. Sale of a security held as a trading investment. 6. Collection of loan receivable. How many of the above items will appear as a cash inflow from investing activities on a statement of cash flows for the current year? Select one: a. 3 b. 5 c. 4 d. 2

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