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The Blue Company had the following cash transactions during 2021. The Blue Company uses the direct method of presenting the Statement of Cash Flows. REQUIRED:
The Blue Company had the following cash transactions during 2021. The Blue Company uses the direct method of presenting the Statement of Cash Flows. REQUIRED: Fill in the following table by classifying the following transactions of the Blue Company as cash flows from operating activities, investing activities or financing activities and identifying the cash flow as an inflow or outflow. Transaction Activity Inflow or Outflow? classification? Operating, Investing, or Financing? Blue made a cash payment to reduce accounts payable Blue received the repayment of principal on a note V Blue received a cash interest payment V Blue paid dividends to its shareholders V Blue paid salaries V Blue sold investments in equity securities of IBM Corp
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