Rampart Inc In the Statement of Cash Flows, This Would Be Reported

Multiple Choice

Rampart Inc. recorded the following transaction: $$\begin{array} { | l | r | r | } \hline \text { Larnd } & 15 \mathrm { million } & \\\hline \text { Notes payable } & & 12 \mathrm { million } \\\hline \text { Cash } & & 3 \mathrm { million } \\\hline\end{array}$$ In the statement of cash flows, this would be reported as a:

A) $3 million outflow from investing activities.
B) $15 million outflow from investing activities.
C) $3 million outflow from investing activities and $12 million noncash investing and financing activity.
D) None of these answer choices are correct.