Business, 22.08.2020 20:01 officialgraciela67
During the year, we made a payment of long-term notes payable of $45,000 and borrowed $20,000 on a long-term note payable. Which of the following is correct for our statement of cash flows?
A. Net cash used for financing activities is ($25,000).
B. Net cash provided by investing activities is $25,000.
C. Net cash provided by financing activities is $25,000.
D. Net cash used for financing activities is ($45,000).
Answers: 1
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During the year, we made a payment of long-term notes payable of $45,000 and borrowed $20,000 on a l...
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