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A company acquired equipment for $150,000 by signing a $150,000 note payable. The $150,000 is reported as a cash outflow in the financing activities section

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A company acquired equipment for $150,000 by signing a $150,000 note payable. The $150,000 is reported as a cash outflow in the financing activities section of the statement of cash flows. A True B False Question 5 1 Point When using a spreadsheet to prepare the statement of cash flows, a decrease in accounts payable is entered in the Analysis of Changes columns with a debit in the statement of cash flows section and a credit in the balance sheet section True B False

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