An Increase in Long-Term Note Payable Would Mean

question 65

Multiple Choice

An increase in long-term note payable would mean:

• A)an increase of cash flow from investing activities.
• B)a decrease of cash flow from investing activities.
• C)an increase of cash flow from financing activities.
• D)a decrease of cash flow from financing activities.

---

Definitions:

Retirement Fund

A financial arrangement designed to replace employment income upon retirement, often composed of contributions from employees, employers, or both.

Employee Earnings

The total compensation an employee receives, including wages, salaries, bonuses, and other forms of payment, before any deductions.

W-3 Form

An IRS tax form used in the United States to transmit a summary of all W-2 forms issued by an employer to the Social Security Administration.

FICA-OASDI

The portion of Social Security tax collected under the Federal Insurance Contributions Act, dedicated to funding the Old Age, Survivors, and Disability Insurance program.