Multiple Choice
Team Shirts,Inc.had net cash from operating activities of $50,000.It paid $40,000 to buy a new computer system by signing a $30,000 note and paying the balance.Net cash from (or used for) financing activities for the period was ________.
A) $(30,000)
B) $10,000
C) $30,000
D) $0,however a note discloses the amount of the purchase financed by issuing a note payable
Correct Answer:
Verified
Correct Answer:
Verified
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