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5. Assume that a company purchases land for 100,000, paying 20,000 cash and borrowing the remainder with a long-term bank loan. What is the cash
5. Assume that a company purchases land for 100,000, paying 20,000 cash and borrowing the remainder with a long-term bank loan. What is the cash ow from Financing activities? Justify your answer. (Chapter 6, Section 3.2)
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Essentials of Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
10th edition
77835425, 978-0077835422
