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Question
A business issues 20-year bonds payable in exchange for preferred stock. This transaction would be reported on the statement of cash flows in
a. a separate section of noncash investing and financing activities at the bottom of the statement
b. the Cash Flows from (used for) Financing Activities section
c. the Cash Flows from (used for) Investing Activities section
d. the Cash Flows from (used for) Operating Activities section
Answer
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