Moore Sales Purchased Some Equipment for $50,000 by Issuing a 6-Month

question 113

Multiple Choice

Moore Sales purchased some equipment for $50,000 by issuing a 6-month Note Payable. How would this transaction be shown on the statement of cash flows?

• A)in the non-cash financing and investing activities section
• B)in the investing activities section
• C)in the operating activities section
• D)in the financing activities section

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Definitions:

Reframing

A psychological technique involving changing the context or viewpoint of a situation to see it in a positive or different light.

Detriangulation

The process of removing a third party from a conflict between two other parties to directly address and resolve the issue.

Deinstitutionalization

The policy of moving people with mental or physical disabilities from large institutional settings into community-based care.

Mental Disorders

Conditions characterized by alterations in thinking, mood, or behavior associated with distress and/or impaired functioning.