Table 4.1
Ruff Sandpaper Co.
Balance Sheets
For the Years Ended 2009 and 2010
-A corporation raises $500,000 in long-term debt to acquire additional plant capacity. This is considered

Name: Table 4.1 Ruff Sandpaper Co. Balance Sheets For the Years Ended 2009 and 2010 -A corporation raises $500,000 in long-term debt to acquire additional plant capacity. This is considered
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Question

Table 4.1
Ruff Sandpaper Co.
Balance Sheets
For the Years Ended 2009 and 2010 
-A corporation raises $500,000 in long-term debt to acquire additional plant capacity. This is considered

Quizplus · Accepted Answer

Raising long-term debt is a financing cash flow, and acquiring plant capacity is an investment cash flow.