[The Following Information Applies to the Questions Displayed Below

question 24

Multiple Choice

[The following information applies to the questions displayed below.]

On August 1, Year 1, Jackson Company issued a one-year $80,000 face value interest-bearing note with a stated interest rate of 9% to Galaxy Bank. Jackson accrues interest expense on December 31, Year 1, its calendar year-end.

-What is the cash flow from financing activities that will be reported during the year ending December 31,Year 1?

• A)$0
• B)$80,000 inflow
• C)$83,000 inflow
• D)($87,200)outflow

---

Definitions:

Baking Class

A course or workshop that focuses on teaching participants the art and skills of baking, including techniques for making various types of bread, pastries, and desserts.

Corporate Social Responsibility

A strategy for businesses that supports sustainable growth by providing benefits that are economic, social, and environmental for every stakeholder involved.

Credible Messages

Information presented in a manner that is believable and trustworthy to the audience.

Organization's Purpose

The fundamental reason for an organization's existence, often reflected in its mission, vision, and goals.