On October 15, 2007, Maxx Duggan Enterprises accepts a $10,000 note receivable from the YNR Company in exchange for cash. The acceptance of the note receivable would be classified on Maxx Duggan's 2007 statement of cash flows as an):

Question

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The acceptance of a note receivable in exchange for cash is considered an investing activity because it involves the use of cash to acquire a financial asset.

On October 15, 2007, Maxx Duggan Enterprises Accepts a $10,000