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| Abbey Corporation prepares its financial statements in accordance with IFRS. Abbey acquired equipment by signing a $100,000 note payable with the seller of the equipment. How should this transaction be reported on the statement of cash flows? A. At the bottom of the statement of cash flows as a significant noncash transaction. B. As an outflow of cash from investing activities and an inflow of cash from financing activities. C. In the notes to the financial statements as a significant noncash transaction. D. As an inflow of cash from financing activities and an outflow of cash from operating activities. |