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    Financial Accounting Study Set 5
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    Exam 13: The Statement of Cash Flows
  5. Question
    Noncash Investing and Financing Transactions,such as the Exchange of a Long-Term
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Noncash Investing and Financing Transactions,such as the Exchange of a Long-Term

Question 158

Question 158

True/False

Noncash investing and financing transactions,such as the exchange of a long-term asset for a long-term liability,represent significant investing and financing activities and are not reflected in the financial statements.

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