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How would the purchase be treated

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Reference no: EM132696698

Problem 1: When an entity purchased a three month Treasury bill, how would the purchase be treated in preparing the statement of cash flows?

a. Not reported

b. An outflow for financing activities

c. An outflow for lending activities

d. An outflow for investing activities

Problem 2: Interest received is classified as cash flow from

a. Operating activities

b. Investing activities

c. Financing activities

d. Revenue activities

Reference no: EM132696698

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