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Cleveland Inc. borrowed $50,000 cash from the bank in October 2020. In March 2021, Cleveland paid back the $50,000 plus $1,250 in interest. How will
Cleveland Inc. borrowed $50,000 cash from the bank in October 2020. In March 2021, Cleveland paid back the $50,000 plus $1,250 in interest. How will the October transaction be shown in the 2020 statement of cash flows? An increase in cash in the financing activities section A decrease in cash in the financing activities section An increase in cash in the investing activities section A decrease in cash in the investing activities section Does not appear in the statement of cash flows
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