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Respond to the following in a minimum of 175 words: A statement of cash flows classifies cash receipts and cash payments into what 3 categories

Respond to the following in a minimum of 175 words:

  • A statement of cash flows classifies cash receipts and cash payments into what 3 categories of activity?
  • For each category of activity, share 2 specific examples of both cash receipts and cash payments based on 2 different business scenarios of your choosing.

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