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    Fundamental Accounting Principles Study Set 1
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    Exam 16: Reporting the Statement of Cash Flows
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    A Purchase of Land in Exchange for a Long-Term Note
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A Purchase of Land in Exchange for a Long-Term Note

Question 169

Question 169

True/False

A purchase of land in exchange for a long-term note payable must be disclosed as a noncash investing and financing activity.

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