Elkwood Corporation acquired a land site with a building by issuing a 30-year mortgage payable. In Elkwood's statement of cash flows, this transaction should be shown
a. only as a cash flow from investing activity for the purchase of the land and building.
b. only as a cash flow from financing activity for the issuance of the mortgage payable.
c. in the schedule of noncash investing and financing transactions.
d. as both a cash flow from investing activity and a cash flow from financing activity.
C
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