A Decrease in Long-Term Note Payable Would Mean

question 103

Multiple Choice

A decrease in long-term note payable would mean:

• A)an increase of cash flow from investing activities.
• B)a decrease of cash flow from investing activities.
• C)an increase of cash flow from financing activities.
• D)a decrease of cash flow from financing activities.

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Definitions:

Consumer Goods

Items bought by the typical consumer for personal use.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choosing to allocate resources in a certain way.

Linear Production

A production process where there is a constant ratio of inputs to outputs, typically represented by a straight line in graphical analysis.

Cabbages

Leafy green, red, or white biennial plants grown as cool-season vegetables, often used in salads and other dishes.