Classify each of the following items as an operating, investing, or financing activity.1. Payment of income taxes.2. Sale of investments.3. Receipt of interest.4. Issuance of common stock.5. Purchase of intangibles.
What will be an ideal response?
1. Operating Activity.
2. Investing Activity.
3. Operating Activity.
4. Financing Activity.
5. Investing Activity.
Business
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