Assume that the Kelly Company uses the indirect method to depict cash flows. Indicate where, if at all, land and building purchased with a mortgage would be classified on the statement of cash flows.
a. Operating activities section.
b. Financing activities section.
c. Does not represent a cash flow.
d. Investing activities section.
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Assume that the Kelly Company uses the indirect method to depict cash flows. Indicate where, if at a...
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