Glavine Company repaid a bank loan with cash.The cash flow from this event should be shown on the horizontal statements model as
A) an operating activity that decreases cash,decreases equity,and decreases net income.
B) a financing activity that decreases cash and decreases liabilities.
C) a financing activity that decreases cash,decreases equity,and decreases net income.
D) an investing activity that decreases cash and decreases liabilities.
Correct Answer:
Verified
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