The WC Company borrowed $26,500 from a bank during the year.This borrowing would be reported on the statement of cash flows as a(n):

Question

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Any borrowing from banks,repaying bank loans,receiving cash from stockholders for company stock,or paying dividends to stockholders is considered a financing activity.Since the company would receive cash as a result of the borrowing,the amount would be reported as a cash inflow.

The WC Company Borrowed $26,500 from a Bank During the Year.This