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:

Well-Being

The state of being comfortable, healthy, or happy.

Children

Young human beings below the age of puberty or below the legal age of majority.

Failure

The inability to achieve a desired result or perform up to standard, often viewed as an opportunity for learning and growth.

Empty Nest

A transitional time of parenting when the youngest child leaves home.