Multiple Choice
The purchase of long-term assets by issuing a note payable for the entire amount is reported on the statement of cash flows in the:
A) Operating activities.
B) Financing activities.
C) Investing activities.
D) Schedule of noncash financing and investing activities.
E) None of these as this is not reported on the statement of cash flows.
Correct Answer:
Verified
Correct Answer:
Verified
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