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27 September, 00:09

Characterize the following actions of a firm as financing, investing, or operating activities: Scenario Operating Activity Investing Activity Financing Activity __Sells a tract of land it has held for years

__Increases its use of trade credit from suppliers

__Improves profit margin and increases net income

__Issues new shares of preferred stock

__Tightens its credit policy with its customers

__Buys back shares of common stock

__Buys new equipment and machinery Issues new notes payable

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  1. 27 September, 03:34
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    1. Sells a tract of land it has held for years - Investing Activity

    2. Increases its use of trade credit from suppliers - Operating activity

    3. Improves profit margin and increases net income - Operating activity

    4. Issues new shares of preferred stock - Financing activity

    5. Tightens its credit policy with its customers - Operating activity

    6. Buys back shares of common stock - Financing activity

    7. Buys new equipment and machinery - Investing Activity

    8. Issues new notes payable - Financing activity
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