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E1 -1 ACC206

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1. Classification of activities

Classify each of the following transactions as arising from an operating (O),
investing (I), financing (F), or noncash investing/financing (N) activity:

_______ a. Received $80,000 from the sale of land
_______ b. Received $3,200 from cash sales
_______ c. Paid a $5,000 dividend
_______ d. Purchased $8,800 of merchandise for cash
_______ e. Received $100,000 from the issuance of common stock
_______ f. Paid $1,200 of interest on a note payable
_______ g. Acquired a new laser printer by paying $650
_______ h. Acquired a $400,000 building by signing a $400,000 mortgage note

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