Multiple Choice
Carnival Bakery borrowed $500,000 from Front Street Bank.Carnival then hired a contractor to build a new cookie distribution outlet.In which section of Carnival's statement of cash flows would you find information that indicated that Carnival acquired the new cookie distribution outlet?
A) Operating Activities
B) Investing Activities
C) Financing Activities
D) Profit Activities
Correct Answer:
Verified
Correct Answer:
Verified
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