Table 4.1 Ruff Sandpaper Co

Multiple Choice

Table 4.1
Ruff Sandpaper Co.
Balance Sheets
For the Years Ended 2009 and 2010
-A corporation raises $500,000 in long-term debt to acquire additional plant capacity. This is considered

A) an investment cash flow.
B) a financing cash flow.
C) a financing cash flow and investment cash flow, respectively.
D) a financing cash flow and operating cash flow, respectively.