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The following transactions pertain to the operations of Fleming Company for 2015. Classify the cash flows from these transactions as operating activities, investing activities or
The following transactions pertain to the operations of Fleming Company for 2015. Classify the cash flows from these transactions as operating activities, investing activities or financing activites. Acquired $50,000 cash from the issuance of common stock A Financing activity Received $36,000 cash in advance for services to be performed next year. Paid $4,000 cash for rent expense. Paid a $15,000 cash dividend to the company's stockholders. Collected $40,000 cash from accounts receivable B. Operating activities CInvesting activities Paid $125,000 cash to purchase a warehouse. Borrowed $300,000 on a 15-year Note Payable
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