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How are transfers between cash and cash equivalents treated

Assignment Help Financial Accounting
Reference no: EM132960745

Problem 1: How are transfers between cash and cash equivalents treated on a statement of cash flows?

a. They are disclosed as an investing activity

b. They are not shown as any type of cash flow

c. They are disclosed as a financing activity

d. They are disclosed as an operating activity

Problem 2: Sean Corporation issued a long-term note for plant assets. Indicate which section, if any, this transaction would appear in, or relate to, on a statement of cash flows.

a. Financing activities section

c. Investing activities section

b. Operating activities section

d. Sch of noncash investing/financing transactions

Reference no: EM132960745

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