In the Consolidated Statement of Cash Flows, Fairfield Communities, Inc. reported the following items in...
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In the Consolidated Statement of Cash Flows, Fairfield Communities, Inc. reported the following items in the Investing Activities Section: Principal collections on receivables Originations of receivables Sale of receivables to qualifying special purpose entities. Do you agree on the classification of these items as Investing Activities? Explain you answer. If you disagree on the classification, under which activity do you think they should be classified? Explain your answer.
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