Cash received from the issuance of Notes Payable is a(n)________ on the statement of cash flows.
A)non-cash activity
B)financing activity
C)operating activity
D)investing activity

Question

Quizplus · Accepted Answer

Cash received from the issuance of Notes Payable is considered a financing activity because it represents funds obtained from borrowing. Financing activities include any cash inflows from borrowing or any cash outflows from repayments of debt or dividends paid to shareholders.

Cash Received from the Issuance of Notes Payable Is A(n)________