The WC Company Borrowed $26,500 from a Bank During 2010

question 94

Multiple Choice

The WC Company borrowed $26,500 from a bank during 2010.

• A) This would be listed as ($26,500) under investing activities on the statement of cash flows.
• B) This would be listed as ($26,500) under operating activities on the statement of cash flows.
• C) This would be listed as $26,500 under investing activities on the statement of cash flows.
• D) This would be listed as $26,500 under financing activities on the statement of cash flows.

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Definitions:

Biochemical Activity

The complex interactions and processes involving biological molecules within living organisms.

Glycogen

A form of glucose storage in the body, primarily found in the liver and muscle tissues, serving as a key energy reservoir.

Glucose

A simple sugar that is an important energy source in living organisms and is a component of many carbohydrates.

Fasting

The act of voluntarily abstaining from some or all food, drink, or both, for a period of time.