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6422 D Question 3 2 pts The exchange of Land for preferred stock is a financing activity O True O False D | Question 4

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6422 D Question 3 2 pts The exchange of Land for preferred stock is a financing activity O True O False D | Question 4 2 pts Non cash transactions are recorded in the notes to the financial statements O True False 2 pts D Question 5 Notes payable can be classified a operating or financing depending upon the length of the repayment period. O True

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