Cash received from the issuance of notes payable is a(n)________ on the statement of cash flows.

Question

Quizplus · Accepted Answer

Cash received from the issuance of notes payable is considered a financing activity because it represents funds that the company has borrowed, typically for a long period of time, and must eventually repay with interest. Financing activities involve transactions that affect the company's long-term capital structure, such as borrowing, issuing stock, or paying dividends.

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