B. Darin Company loaned $3,000,000 at 7% interest to S. Dee Company. S. Dee Company would report this as an investing activity on the statement of cash flows.
FALSE

Name: B. Darin Company loaned $3,000,000 at 7% interest to S. Dee Company. S. Dee Company would report this as an investing activity on the statement of cash flows. FALSE
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Question

Quizplus · Accepted Answer

S. Dee Company would report this as a financing activity on the statement of cash flows, not an investing activity.

B Darin Company Loaned $3,000,000 at 7% Interest to S