In order to identify the amount of funds that a firm borrowed during the preceding year,what section is the best source within the Statement of Cash Flows?

Question

Quizplus · Accepted Answer

The financing flows section in the Statement of Cash Flows shows the inflows and outflows of cash resulting from borrowing activities, such as issuing bonds or taking out loans. Therefore, this section would provide the best source for identifying the amount of funds borrowed by the firm during the preceding year.

In Order to Identify the Amount of Funds That a Firm