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Mountain Water Corp. issued common stock of $28,000 to pay off long-term notes payable of $28,000. In what section(s) would these transactions be recorded? A.

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Mountain Water Corp. issued common stock of $28,000 to pay off long-term notes payable of $28,000. In what section(s) would these transactions be recorded? A. Financing activities cash receipt, $28,000 O B. Financing activities payment of note, $(28,000) O C. Non-cash investing and financing activities, $28,000 O D. Both a and b are correct. Click to select your answer. ART

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