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On January 1 , Washington Corporation outsourced the production of the Widgets it sells to a company in Mexico. As a result, its production facility
On January Washington Corporation outsourced the production of the Widgets it sells to a company in Mexico. As a result, its production facility is no longer required and was sold for $ To assist it with its cash flow, Washington Corporation also borrowed $ from Fargo Bank. Required: What category of activity on a statement of cash flows would the loan from Fargo bank be considered? 
On January Washington Corporation outsourced the production of the Widgets it sells to
a company in Mexico. As a result, its production facility is no longer required and was sold
for $ To assist it with its cash flow, Washington Corporation also borrowed
$ from Fargo Bank.
Required:
What category of activity on a statement of cash flows would the loan from Fargo bank
be considered?
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Accounting
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie
11th Edition
9780730382737
