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Part I 1. Give two examples of cash receipts and two examples of cash payments that fit into each of the following classifications: (1.5 marks)

Part I

1. Give two examples of cash receipts and two examples of cash payments that fit into each of the following classifications: (1.5 marks)

a. Operating activities.

b. Investing activities.

c. Financing activities.

2. Why are payments and receipts of interest classified as operating activities rather than as financing or investing activities? (1.5 marks)

Part II

The accounting staff of Wyoming Outfitters, Inc., has assembled the following information for the year ended December 31, 2011:

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