How many of the following transactions would affect operating cash flows reported in the statement of cash flows (all transaction involve cash)?
Repay $40,000 borrowed from the bank.
Pay $11,000 in salaries to employees.
Receive $25,000 from customers for services provided.
Pay $750 for advertising.
Purchase equipment for $15,000.
Receive $25,000 from the sale of land.
A) One.
B) Two.
C) Three.
D) Four.
Answer: C
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