How many of the following transactions are operating activities?
Borrow $50,000 from the bank.
Purchase $12,000 in supplies.
Provide services to customers for $27,000.
Pay the utility bill of $750.
Purchase a delivery truck for $12,000.
Receive $25,000 from issuing common stock.
A) One.
B) Two.
C) Three.
D) Four.
Answer: C
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