Place an X in the appropriate columns for each of the following situations to indicate...
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Accounting
Place an X in the appropriate columns for each of the following situations to indicate how amounts are classified and how or whether cash is affected: Situation Operating Activity Investing Financing Activity Activity Inflow (+) Effect on Cash Outflow No O Effect a. Paying off accounts payable with cash. b. Issuance of bonds for cash c. Retirement of common stock with cash d Collection of accounts receivable with customer cash e. Paid cash for inventory f. Acquired land by issuing common stock
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