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Which is a non-exchange transaction

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Reference no: EM132744976

Problem 1: Which of the following is a non-exchange transaction?

a. Rendering of legal services

b. Collection of tuition fees

c. Leasing

d. Collection of taxes

Problem 2: Cash flows from a public university bookstore would appear on the statement of cash flows as

a. Cash flows from financing activities.

b. Cash flows from investing activities.

c. Cash flows from noncapital financing

d. Cash flows from operations.

Reference no: EM132744976

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