The purchase of long-term assets by issuing debt is recorded as both an investing activity and a financing activity.Purchase of long-term assets by issuing debt is reported as a noncash activity either directly after the cash flow statement or in a separate note to the financial statements.

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The Answer of The purchase of long-term assets by issuing debt is recorded as both an investing activity and a financing activity.Purchase of long-term assets by issuing debt is reported as a noncash activity either directly after the cash flow statement or in a separate note to the financial statements.

The Purchase of Long-Term Assets by Issuing Debt Is Recorded