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Which of the following scenarios is a financing activity? a.) $2,000 received from the bank to aid in the purchase of the building b.) An
Which of the following scenarios is a financing activity?
- a.)
- $2,000 received from the bank to aid in the purchase of the building
- b.)
- An observation that, on average, customers return $570 worth of merchandise each month
- c.)
- Purchase of the building next to the PaisleyPlacefor $25,000 to be used for expansion
- d.)
- $5,670 recorded as profit for June documented on the income statement
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