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3. Evan Kristopher and Charlotte Eleanor were discussing the presentation format of the statement of cash flows of Kenley Co. At the bottom of
3. Evan Kristopher and Charlotte Eleanor were discussing the presentation format of the statement of cash flows of Kenley Co. At the bottom of Kenley's statement of cash flows was a separate section entitled "Noncash investing and financing activities." Explain the purpose of this section and give three examples of transactions that would be reported in this section.
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