ch 2 - Question 1(1 point Which of the following events is...

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Question 1    (1 point) Which of the following events is properly classified as an investing activity?  Student response: Student Response Answer Choices a. purchase of equipment b. borrowing money from creditors c. selling goods to customers d. running the factory Score: 1 / 1   Question 2    (1 point) Activities that involve the production or delivery of goods for sale or the providing of services for sale should be listed under  which classification on a statement of cash flows?  Student response: Student Response Score: 1 / 1   Question 3    (1 point) A firm must depend on its _______ activities to generate profits. 
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Student response: Student Response Score: 1 / 1   Question 4    (1 point) Merchandise inventory costing $20,000 was sold to customers for $28,000 cash. What amount of revenue and cash flow  resulted from this transaction? Revenue; Cash Flow 
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This note was uploaded on 04/29/2010 for the course ACCT 5031 taught by Professor Rusth during the Fall '09 term at University of Houston.

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ch 2 - Question 1(1 point Which of the following events is...

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