New Borrowing on Long-Term Notes Payable $19,000

question 109

Multiple Choice

New borrowing on Long-Term Notes Payable $19,000
Which of the following statements is accurate regarding the statement of cash flows?

• A)Net cash used for financing activities will amount to $(39,000).
• B)Net cash used for investing activities will amount to $58,000.
• C)Net cash provided by financing activities will amount to $39,000.
• D)Net cash provided by investing activities will amount to $39,000.

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Definitions:

Tragedy of the Commons

An economic problem in which every individual tries to reap the greatest benefit from a given resource, leading to overuse and depletion of the resource to the detriment of all.

Externalities

Economic side effects or consequences of commercial activities that affect other parties without being reflected in the cost of the goods or services involved.

Common Resources

Resources that are accessible to all members of a society but are susceptible to overutilization and depletion.

Private Good

A product or service that is excludable and rival in consumption, meaning only those who pay for it can consume it, and one person’s consumption prevents another's.