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A company is preparing a statement of cash flows. The following transactions occurred during the year. TRANSACTIONS AFFECTING PREPARATION OF STATEMENT OF CASH FLOWS (1)
A company is preparing a statement of cash flows. The following transactions occurred during the year. TRANSACTIONS AFFECTING PREPARATION OF STATEMENT OF CASH FLOWS (1) Purchased a building for $80,000 cash. (2) Issued $70,000 worth of stock to acquire an airplane. (3) Converted long term bonds by issuing $100,000 worth of stock Transaction (3) would be found on the statement as a: Select one: O a. Cash flow from investing activity. b. Noncash investing and financing activity. c. Cash flow from operating activity. d. Cash flow from financing activity
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