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Aiken Corporation Acquired a Land Site with a Building by Issuing

Question 76

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Aiken Corporation acquired a land site with a building by issuing a 30-year mortgage payable.In Aiken's statement of cash flows,this transaction should be shown


A) only as a cash flow from operating activity for the purchase of the land and building.
B) only as a cash flow from financing activity for the issuance of the mortgage payable.
C) in the schedule of noncash investing and financing transactions.
D) as both a cash flow from investing activity and a cash flow from financing activity.

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