A Company's Balance Sheet Shows the Account, Notes Payable

question 145

Multiple Choice

A company's balance sheet shows the account, Notes Payable. This resulted from a loan made by the company's bank. If the end-of-year balance in the notes payable account exceeds the beginning-of-year balance by $5,000, this is shown on the cash flow statement as an

• A) inflow of cash of $5,000 in the operating activities category.
• B) inflow of cash of $5,000 in the financing activities category.
• C) outflow of cash of $5,000 in the operating activities category.
• D) outflow of cash of $5,000 in the financing activities category.

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Definitions:

Object Relations

A theory in psychoanalysis that focuses on the importance of early family relationships and the roles of internalized images of these relationships in personality development.

Caregivers

Individuals who provide care for another person in need, such as children, elderly, or someone with disabilities, often involving physical, emotional, or financial support.

Abnormal Development

Deviations from typical growth patterns, which can affect physical, emotional, or intellectual development.

Minorities

Groups of people who are different from the larger population in a country or area due to racial, ethnic, religious, or sexual identity, often experiencing disadvantage or discrimination.