Arturo Sales Purchased Some Equipment for $12,000 by Issuing a 6-Month

question 138

Multiple Choice

Arturo Sales purchased some equipment for $12,000 by issuing a 6-month note payable. How would this transaction be shown on the statement of cash flows?

• A) In the noncash 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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