The Appropriate Section in the Statement of Cash Flows for Reporting

question 91

Multiple Choice

The appropriate section in the statement of cash flows for reporting the cash received from the issuance of a long-term note payable is:

• A)Operating activities.
• B)Financing activities.
• C)Investing activities.
• D)Schedule of noncash investing or financing activity.
• E)This is not reported on the statement of cash flows.

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Definitions:

Price Discount

A reduction from the original or listed price of a good or service to encourage purchase.

Price Discrimination

The strategy of selling the same product or service at different prices to different groups of consumers, typically based on factors like age, location, or purchasing history.

Senior Citizen Discount

A reduced price or special deal offered to elderly customers as a courtesy or to encourage their patronage.

Grocery Coupons

Vouchers offered by retailers or manufacturers that provide a discount on the purchase of grocery items.