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For the past two years, Monroe Corporation's statement of cash flows has shown net cash provided by financing activities.Which of the following choices could explain this result?
Customary Law
Laws derived from experience, practice, collective wisdom, and shared philosophy to set the boundaries and rights that define relationships between community members.
Statutory Code
A formal legal code enacted by a legislature, providing a systematic collection of laws, regulations, or rules in a specific area.
International Laws
Laws agreed on by nations; these laws are binding on nations and supersede their national laws.
Supersede
To replace or displace something in favor of something more recent or more effective.
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