Equipment Is Acquired by Issuing a Note Payable for $57,000

question 16

Multiple Choice

Equipment is acquired by issuing a note payable for $57,000 and a down payment of $30,000.The statement of cash flows will report a:

• A)$30,000 inflow in the operating activities section.
• B)$57,000 inflow in the investing activities section.
• C)$57,000 cash inflow in the financing activities section.
• D)$30,000 cash outflow in the investing activities section.

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Definitions:

Politics

The activities, actions, and policies that are used to gain and hold power in a government or to influence decision-making in an organization.

Public Influence

The impact individuals or groups can have on public opinion, policy, or societal norms through various means of communication or action.

Full-Time Employees

Full-time employees are individuals employed by an organization who work a minimum number of hours defined by their employer, typically with benefits and job security.

Part-Timers

Refers to employees who work less than full-time hours, typically under a flexible schedule.