Payable to borrow cash from the bank, Accounting Basics

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Payable to borrow cash from the bank

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: Payable to borrow cash from the bank

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Accounting Basics: Payable to borrow cash from the bank

Reference No:- TGS043571

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Gross margin appearing on the income statement

Q : Financial statement elements

Q : Purchase of equipment for cash

Q : Effect of error on the accounting equation

Q : Payable to borrow cash from the bank

Q : What is the ending balance in stockholders equity

Q : Sell or process decision

Q : Create a new organizational chart

Q : Draw two plausible arrangements of the chromosomes

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Payable to borrow cash from the bank

Reference No:- TGS043571

Recent Questions Asked Accounting Basics

Q : Gross margin appearing on the income statement

Q : Financial statement elements

Q : Purchase of equipment for cash

Q : Effect of error on the accounting equation

Q : Payable to borrow cash from the bank

Q : What is the ending balance in stockholders equity

Q : Sell or process decision

Q : Create a new organizational chart

Q : Draw two plausible arrangements of the chromosomes

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