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Lincoln Company Engaged in This Transaction: as Required by the Landlord,prepaid

Question 79

Multiple Choice

Lincoln Company engaged in this transaction: As required by the landlord,prepaid one year's rent on its leased warehouse.
Indicate which section,if any,the above transaction would appear in,or relate to,on a statement of cash flows.


A) Financing activities section.
B) Does not represent a cash flow.
C) Investing activities section.
D) Operating activities section.

Correct Answer:

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