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ABC Company borrowed $600 from Sun Bank and used $500 of this money to purchase land. The statement of ca flows for ABC Company would

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ABC Company borrowed $600 from Sun Bank and used $500 of this money to purchase land. The statement of ca flows for ABC Company would report A an outflow of $500 for investing activities. B an inflow of $500 from financing activities. can outflow of $500 for operating activities. D an inflow of $600 from operating activities. Question 5 10 Point Select the correct statement from the choices listed below. A Dividends are decreases in assets incurred for the purpose of producing revenue. B Revenue is a decrease in assets resulting from operating activities. Net income is an increase in equity resulting primarily from operating activities. A company incurs expenses when it borrows money

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