Nevada Sales purchased some equipment for $12,000 by issuing a five-year note payable.This will appear in the non-cash investing and financing activities section of the statement of cash flows.

Question

Quizplus · Accepted Answer

The purchase of equipment through a note payable is a financing activity and will appear in the non-cash investing and financing activities section of the statement of cash flows.

Nevada Sales Purchased Some Equipment for $12,000 by Issuing a Five-Year