MATCHING
Indicate whether each of the following would be under Operating,Investing,Financing,or whether the item would not appear on the statement of cash flows.
-Issuance of long-term debt for cash
A)Operating
B)Investing
C)Financing
D)Item would not appear

Question

Quizplus · Accepted Answer

Issuance of long-term debt for cash is a financing activity as it involves obtaining funds from external sources to finance the operations or investments of the company. It would be reported in the financing section of the statement of cash flows.

MATCHING Indicate Whether Each of the Following Would Be Under Operating,Investing,Financing,or