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Nancy received $5,000 cash from her credit union to fund the remodeling of her store. Which kind of activity on a statement of cash flows does this
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Question

Nancy received $5,000 cash from her credit union to fund the remodeling of her store.

Which kind of activity on a statement of cash flows does this exemplify?

  • Financing activity
  • Operating activity
  • Investing activity
  • Capital activity

Step-by-step answer

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Subject: Accounting, Business

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