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The sale of inventory for cash is reported on the statement of cash flows under a. operating activities. b. investing activities. c. financing activities. d. noncash investing and financing...

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The sale of inventory for cash is reported on the statement of cash flows under

a. operating activities.

b. investing activities.

c. financing activities.

d. noncash investing and financing activities.

Answered Same Day Dec 24, 2021

Solution

David answered on Dec 24 2021
122 Votes
The sale of inventory for cash is reported on the statement of cash flows under
A. operating activities
B. investing activities
C. financing activities
D. noncash investing and financing activities
Answer
a. Operating activities.
It is shown under the heading of Operating Activities of...
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