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Question 2 Classify each of the following as an operating, investing, or financing activity under ASPE: Loaning money Receipt of cash from issuance of bonds
Question 2
Classify each of the following as an operating, investing, or financing activity under ASPE:
Loaning money
Receipt of cash from issuance of bonds payable
Receiving cash from customers
Receiving interest revenue
Payments for inventory
Payments for interest
Receipt of cash from sale of equipment
Payments of acquisition of land
Receipt of cash from issuance of stock
Dividends paid to shareholders
Receipt of dividend income
Payment of salaries to employees
Payment of taxes
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