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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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