How Is Cash Received from Using a Line of Credit

question 5

Multiple Choice

How is cash received from using a line of credit reported on the statement of cash flows?

• A)As an investing activity
• B)As an operating activity
• C)As a financing activity
• D)As a non-cash activity

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Definitions:

Team Role

A specific set of behaviors, skills, and responsibilities assigned to an individual within a team to ensure effective collaboration and achievement of common goals.

Adaptive

The quality of being able to adjust to new conditions or environments effectively.

Transferable

Referring to skills, knowledge, or abilities that can be applied in various contexts beyond where they were originally learned.

Job-related

Pertains to aspects or activities directly linked to one's profession or occupation.