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11. Durning Company loaned $1,000,000 at 8 percent interest to Silva Company. The interest revenue would be classified as a(n) a. Operating activity b. Investing

11. Durning Company loaned $1,000,000 at 8 percent interest to Silva Company. The interest revenue would be classified as a(n)

a.

Operating activity

b.

Investing activity

c.

Financing activity

d.

Noncash transaction

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