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On January 1, the long-term liability section of Banana Company's balance sheet showed a balance of $1,700 million in long-term notes payable. On December 31,
On January 1, the long-term liability section of Banana Company's balance sheet showed a balance of $1,700 million in long-term notes payable. On December 31, the balance in that same account was $310 million. How should Banana Company report the cash flow effect related to this account on its statement of cash flow? Select one: O a. As a cash outflow of $1,390 million in the investing section b. As a cash outflow of $1,700 million in the financing section c. As a cash outflow of $1,700 million in the investing section d. As a cash outflow of $1,390 million in the financing
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