Multiple Choice
Glavine Company repaid a bank loan with cash.How should the cash flow from this event be shown on the horizontal statements model?
A) An operating activity that decreases cash,decreases equity,and decreases net income
B) A financing activity that decreases cash and decreases liabilities
C) A financing activity that decreases cash,decreases equity,and decreases net income
D) An investing activity that decreases cash and decreases liabilities
Correct Answer:
Verified
Correct Answer:
Verified
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