The cash paid to settle a long-term note payable is included in the ________ section of the statement of cash flows.
A)operating
B)financing
C)investing
D)noncash

Question

Quizplus · Accepted Answer

Cash paid to settle a long-term note payable is a financing activity, as it involves paying off a debt that was obtained to finance the company's operations or investments. Therefore, it would be included in the financing section of the statement of cash flows.

The Cash Paid to Settle a Long-Term Note Payable Is