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q8....9 pls.answer both pls Question 8 When a company purchases machines by issuing a long-term note payable for the entire amount the transaction should be
q8....9 pls.answer both pls
Question 8 When a company purchases machines by issuing a long-term note payable for the entire amount the transaction should be reported on the statement of cash flows in: O A investing activities, the second section. O B. not included in cash flow statement. O c financing activities, the third section. OD. operating activities, the first section. Question 9 The corporate form of business has all the following advantages EXCEPT: O A Separate legal entity O B. The life of a corporation is unlimited and ease of capital accumulation. OC No mutual agency for stockholders. O D. Stockholders have unlimited liabiliyStep by Step Solution
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