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Of which are these are operating, investing, financing, and non-cash activities? Purchase of furniture for cash,...

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Accounting

Of which are these are operating, investing, financing, andnon-cash activities? Purchase of furniture for cash, deprecationexpense, new long-term loan for operations, proceeds from sale ofland, change in accounts payable, gain on sale of building,issuance of long-term notes payable, and conversion of bondspayable to common stock.

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Purchase of furniture for cash It is an investing activity since it involves acquisition of an asset deprecation expense It is an operating activity It is added to the net income while    See Answer
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