ONI, IncPurchased $60,000 of Equipment for Cash

question 136

Multiple Choice

ONI, Inc.purchased $60,000 of equipment for cash.How does this transaction impact the statement of cash flows?

• A) Decreases the cash flow from operating activities by $60,000
• B) Decreases equipment by $60,000
• C) Decreases the cash flow from investing activities section by $60,000
• D) This transaction would not affect the statement of cash flows.

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Franchising

Arrangements based on contracts of service and the supply of products between larger and smaller units of one organization.

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