Glavine Company repaid a bank loan with cash. The cash flow from this event should be reported as:
A) an outflow for investing activities on the Statement of Cash Flows.
B) an outflow for financing activities on the Statement of Cash Flows.
C) an inflow for investing activities on the Statement of Cash Flows.
D) an inflow for operating activities on the Statement of Cash Flows.
Correct Answer:
Verified
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