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In 2020, Malibu, Inc. issued notes payable to purchase land. In Malibus 2020 statement of...

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Question

Accounting

In 2020, Malibu, Inc. issued notes payable to purchase land. In Malibus 2020 statement of cash flows, how would this transaction be classified?

A.

Cash flows from both investing and financing activities.
B.

Cash flow from investing activity only.
C.

Noncash investing and financing activity.
D.

Cash flow from financing activity only.

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