The WC Company Borrowed $26,500 from a Bank During the Year.This

question 135

Multiple Choice

The WC Company borrowed $26,500 from a bank during the year.This borrowing would be reported on the statement of cash flows as a(n) :

• A)investing activity in the amount of ($26,500).
• B)financing activity in the amount of ($26,500).
• C)investing activity in the amount of $26,500.
• D)financing activity in the amount of $26,500.