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During the year, Phi Inc., acquired a long-term productive asset for $5,000 and also borrowed $10,000 from a local bank. These transactions should be reported

During the year, Phi Inc., acquired a long-term productive asset for $5,000 and also borrowed $10,000 from a local bank. These transactions should be reported on its statement of cash flows as

A)Outflows for investing activities, $5,000; inflows from financing activities, $10,000.

B)Inflows from investing activities, $10,000; outflows for financing activities, $5,000.

C)Outflows for operating activities, $5,000; inflows from financing activities, $10,000.

D)Outflows for financing activities, $5,000; inflows from investing activities, $10,000.

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