Hunt Community Development Agency (HCDA), a financially independent authority, provides loans to commercial businesses operating in Hunt
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Question:
Hunt Community Development Agency (HCDA), a financially independent authority, provides loans to commercial businesses operating in Hunt County. This year, HCDA made loans totaling $500,000. How should HCDA classify the disbursements of loans on the cash flow statement?
A. Capital and related financing activities.
B. Non-capital financing activities.
C. Investing activities.
D. Operating activities.
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