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Mallory Smith
on Dec 16, 2024

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Indicate where the purchase of land and a building with a mortgage would appear if at all on the indirect statement of cash flows.

A) Operating activities section
B) Investing activities section
C) Financing activities section
D) Does not represent a cash flow

Operating Activities Section

This section of a financial statement details the revenues and expenses directly related to the core business operations.

Mortgage

A type of loan secured by real property, typically used to purchase property or which existing property owners use to raise funds.

  • Sort transactions into operating, investing, and financing activities.
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Haylee RandallDec 19, 2024
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