A corporation recorded the following entry: How would this transaction be shown on a Statement of Cash Flows?
A)Cash outflow for operating activities
B)Cash outflow for investing activities
C)Cash outflow for financing activities
D)Cash inflow for financing activities

Question

A corporation recorded the following entry:  How would this transaction be shown on a Statement of Cash Flows?
A)Cash outflow for operating activities 
B)Cash outflow for investing activities 
C)Cash outflow for financing activities 
D)Cash inflow for financing activities

Quizplus · Accepted Answer

Without additional information or context, it is impossible to determine the exact nature of the transaction recorded in the entry. However, the fact that it includes a "TB" reference code suggests that it is related to a "Trial Balance" report, which would likely be associated with the company's internal accounting records rather than its cash flows. Therefore, the entry would not be included on the Statement of Cash Flows at all.

A Corporation Recorded the Following Entry: How Would This