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) :
A) investing activity is the amount of ($26,500) .
B) financing activity in the amount of ($26,500) .
C) investing activity is the amount of $26,500.
D) financing investing activity is the amount of $26,500.
Correct Answer:
Verified
Q84: Every financial statement should have "who,what,and when"
Q86: Dividends are reported on the:
A)income statement.
B)balance sheet.
C)statement
Q87: Which of the following statements about a
Q90: A company incurred $2,000 for utilities for
Q91: Which of the following would not be
Q92: Which of the following would be acceptable
Q93: Which of the following statements about this
Q96: The purpose of a statement of retained
Q98: Find the missing data. Q99: Which of the following descriptions about a
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents