The Purchase of Long-Term Assets by Issuing a Note Payable

question 91

Multiple Choice

The purchase of long-term assets by issuing a note payable for the entire amount is reported on the statement of cash flows in the:

• A)Operating activities.
• B)Financing activities.
• C)Investing activities.
• D)Schedule of noncash financing and investing activities.
• E)None of these as this is not reported on the statement of cash flows.

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