On the statement of cash flows,cash used for financing activities include:
A)issuing stock for property.
B)sale of treasury stock.
C)payment of notes payable.
D)purchase of plant assets.

Question

Quizplus · Accepted Answer

Cash used for financing activities includes any payments made towards reducing debt or paying off loans, such as payments on notes payable. Issuing stock for property (A) and purchasing plant assets (D) would be considered investing activities, while the sale of treasury stock (B) would be an operating activity.

On the Statement of Cash Flows,cash Used for Financing Activities