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Selected transactions for the A1 Furniture Company are listed below. Classify each transaction as either an operating activity, an investing activity, a financing activity, or

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Selected transactions for the A1 Furniture Company are listed below. Classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash imvesting and financing activity. 7. Converted bonds payable to common stock. 8. Acquired long-term investment with cash. 9. Sold buildings and equipment for cash. 10. Sold merchandise to customers

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