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A Bank Loaned $62 Million to Apex Corporation to Finance

Question 98

Multiple Choice

A bank loaned $62 million to Apex Corporation to finance the construction of a new distribution warehouse.In which section of Apex's statement of cash flows would you be able to determine whether the company repaid any portion of the debt during the year?


A) Operating Activities
B) Investing Activities
C) Financing Activities
D) Profit Activities

Correct Answer:

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