Royer Corporation Engaged in This Transaction: Acquired Long-Term Investment by Issuance

Royer Corporation engaged in this transaction: Acquired long-term investment by issuance of long-term debt.
Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows.

A) Investing activities section
B) Operating activities section
C) Schedule of noncash investing and financing transactions
D) Financing activities section