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QUESTION 21 A nongovernmental not-for-profit organization borrowed $5,000, which it used to purchase a truck.In which section of the organization'sstatement of cash flows should the
QUESTION 21
A nongovernmental not-for-profit organization borrowed $5,000, which it used to purchase a truck.In which section of the organization'sstatement of cash flows should the transaction be reported?
- In cash inflow and cash outflow from investing activities.
- In cash inflow and cash outflow from financing activities.
- In cash inflow from operating activities and cash outflow from investing activities.
- In cash inflow from financing activities and cash outflow from investing activities
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