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Carson Lee, a staff accountant, is working on some research for his partner, Joe Davis. Joe asked Carson to find the proper citation providing guidance

Carson Lee, a staff accountant, is working on some research for his partner, Joe Davis. Joe asked Carson to find the proper citation providing guidance on when the acquisition of equipment is reported in the operating section of the statement of cash flows. Using the authoritative literature, locate the correct guidance. (You are required to find the codification reference that would best solve the given situation by researching the appropriate accounting treatment from the FASB codification).

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