Classify the following activities as operating activities:
(a)Rent received on property held as an investment.
(b)Selling and distribution expenses paid.
(c)Income tax paid.
(d)Dividend paid on preference shares.
(e)Underwriting commission paid.
(f)Rent paid.
(g)Brokerage paid on the purchase of investments.
(h) Long-term bank loan.
(i)Refund of income tax.
(b), (c), and (i).
(c) and (i)
(b) and (c)
(b), (c), (f), & (i).
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