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The Do Good Foundation received 200 shares of Big Company stock from a donor who...

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Accounting

The Do Good Foundation received 200 shares of Big Company stock from a donor who designated the proceeds from the sale of the shares for the construction of a new administration building. The shares were sold for $500,000. On its statement of cash flows, the proceeds from the sale would be classified as:
a.
Cash flows from operating activities.
b.
Cash flows from investing activities.
c.
Cash flows from financing activities.
d.
Cash flows from capital financing activities.

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