The ________ section from the statement of cash flows would include the payment of a long-term mortgage payable with cash.

Question

Quizplus · Accepted Answer

The financing section of the statement of cash flows presents the inflows and outflows of cash due to the issuance or repayment of long-term debt, such as mortgages payable. Therefore, the payment of a long-term mortgage payable with cash would be reported in the financing section. The operating section pertains to the cash flows from daily operational activities, while the investing section shows cash flows from investments in long-term assets.

The ________ Section from the Statement of Cash Flows Would