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A to Z Corporation Issued a $30,000 Note Payable to Borrow

Question 66

Multiple Choice

A to Z Corporation issued a $30,000 note payable to borrow cash from the bank.On the Statement of Cash Flows, the transaction would be classified as:

A) Cash Flows from Operating Activities.
B) Cash Flows from Investing Activities.
C) Cash Flows from Financing Activities.
D) Noncash transaction.

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