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Which of the following is MOST LIKELY classified as an operating activity of a business? a. Issuance of bonds b. Acquisition of a competitor c.

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Which of the following is MOST LIKELY classified as an operating activity of a business? a. Issuance of bonds b. Acquisition of a competitor c. Sale of an obsolete building d. Sale of an automobile by Wolkswagen Which represents a residual claim against a company? a. Equity b. Asset c. Liability d. Expense TRR Ltd sold some of its products to customers on December 30, 2019. Total sales price was $8,000; payment for the products is due 30 days from delivery. TRR borrowed \$8000 in 2018 to pay for for the products sold. The MOST LIKELY net change in TRR's assets as of December 31, 2019 as a result of this transaction is: a. $10,000 b. $2000 c. $8000 d. 0

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