A Company Purchased Machinery by Issuing a Long-Term Note Payable

question 67

True/False

A company purchased machinery by issuing a long-term note payable.This is an example of a non-cash investing and financing activity for the statement of cash flows.

---

Definitions:

Pretested Group

A group of individuals tested or assessed before being exposed to a specific treatment or condition in an experiment.

Test Scores

Quantitative outcomes derived from assessments meant to evaluate knowledge, proficiency, or ability.

Venturesome Personality

A trait characterized by a willingness to take risks and try new experiences, often associated with high levels of adventure and curiosity.

Intrinsically Motivated

An individual's drive to engage in an activity for the inherent satisfaction and pleasure derived from the activity itself, not for some separable consequence.