Multiple Choice
A company borrows $10,000 and signs a 90-day nontrade note payable. How would this event be reflected in the statement of cash flows?
A) cash outflow from investing activities
B) cash inflow from investing activities
C) cash outflow from financing activities
D) cash inflow from financing activities
Correct Answer:
Verified
Correct Answer:
Verified
Q103: Which of the following is not a
Q104: Under the indirect method, bond discount amortization
Q105: An acquisition of a plant asset financed
Q106: Under the indirect method, firms treat gains/losses
Q107: All of the following would appear as
Q109: Which of the following sections of the
Q110: How does IFRS differ from U.S. GAAP
Q111: Which of the following is not a
Q112: Changes in noncurrent liabilities are reflected in
Q113: One purpose of the cash flow statement