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Ruby Inc. purchased land worth $20,000 by issuing a note payable. How should this transaction be reported on the statement of cash flows? It should
Ruby Inc. purchased land worth $20,000 by issuing a note payable. How should this transaction be reported on the statement of cash flows?
It should be reported as an investing activity.
It should be reported as a financing activity.
It should be disclosed as a significant noncash transaction.
None of these answers are correct.
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Marketing Audit And Performance A Case Of Parastatals Marketin Audit And Performance
Authors: Bonventure Onyango Odote, Wyckliffe Otieno Robby
1st Edition
