A Company Borrows $10,000 and Signs a 90-Day Nontrade Note

question 108

Multiple Choice

A company borrows $10,000 and signs a 90-day nontrade note payable. How would this event be reflected in the statement of cash flows?

• A) cash outflow from investing activities
• B) cash inflow from investing activities
• C) cash outflow from financing activities
• D) cash inflow from financing activities

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