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The purchase of an office building by issuing long-term notes payable should be reported as a_?

a. cash outflow in the financing section of the statement of cash flows.

b. cash outflow in the investing section of the statement of cash flows.

c. cash outflow in the operating section of the statement of cash flows.

d. noncash investing and financing activity.

e. none of the options listed 

Accounting Investments Financial Accounting Finance
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Question added by Sultan Alghamdi
Date Posted: 2016/02/11
Upvote (1) Views (69) Followers (2) Answers (2) Report Question
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Rashid Moopantakath
by Rashid Moopantakath , General Accountant , Al Owais and Almatrooshi Advocates and Legal Consultants

Noncash investing and financing activity

Ahmed Alkhateb
by Ahmed Alkhateb , Independent Accounting , Self employed

I think the answer is d. noncash investing and financing activity.

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