A to z corporation engaged in the following transaction, Ask an Expert

Accounting

A to Z Corporation engaged in the following transaction: "Issued a $30,000 note payable to borrow cash from the bank." On the Statement of Cash Flows, the transaction would be classified as __________.

a) Cash Flows from Operating Activities

b) Cash Flows from Investing Activities

c) Cash Flows from Financing Activities

d) This transaction would not appear on the Statement of Cash Flows.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M943571

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