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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

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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 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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