Hollander Company Gave a Long-Term Note Payable in the Amount

Multiple Choice

Hollander Company gave a long-term note payable in the amount of $285,000 to acquire a new piece of equipment.This transaction will be reported on the statement of cash flows as a _____.

A) $285,000 investing outflow and $285,000 financing inflow
B) $285,000 operating outflow and $285,000 financing inflow
C) $285,000 investing inflow and $285,000 financing outflow
D) noncash transaction reported in a separate schedule