Misclassifying cash from long-term borrowings as cash collected from customers will make the cash from investing activities higher than it should.

Name: Misclassifying cash from long-term borrowings as cash collected from customers will make the cash from investing activities higher than it should.
Brand: Quizplus
Rating: 4.9 (47 reviews)

Question

Quizplus · Accepted Answer

Misclassifying cash from long-term borrowings as cash collected from customers will not affect the cash from investing activities. It will instead affect the cash from financing activities.

Misclassifying Cash from Long-Term Borrowings as Cash Collected from Customers