An increase in long-term note payable would mean:
A)an increase of cash flow from investing activities.
B)a decrease of cash flow from investing activities.
C)an increase of cash flow from financing activities.
D)a decrease of cash flow from financing activities.

Question

Quizplus · Accepted Answer

Long-term notes payable represent borrowing that is classified as financing activities. Therefore, an increase in long-term notes payable would mean an increase in cash flow from financing activities.

An Increase in Long-Term Note Payable Would Mean