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Problem 8: Statement of cash flows-classification: The statement of cash flows classifies all cash inflows and outflows into one of the three categories shown below
Problem 8: Statement of cash flows-classification: The statement of cash flows classifies all cash inflows and outflows into one of the three categories shown below and lettered from a to c. In addition, certain transactions that do not involve cash are reported in the statement as noncash investing and financing activities, labeled d. a. Operating activities b. Investing activities c. Financing activities d. Noncash investing and financing activities For each of the following transactions, use the letters above to indicate the appropriate classification category
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