Which of the following should be shown on a statement of cash flows under the financing activities section?
A) the purchase of a long-term investment in the common stock of another company
B) the payment of cash to retire a long-term note
C) the proceeds from the sale of a building
D) the issuance of a long-term note to acquire land

Question

Quizplus · Accepted Answer

B) The payment of cash to retire a long-term note is considered a financing activity because it involves the cash flows related to borrowing and repaying money, which are key components of a company's financing activities.

Which of the Following Should Be Shown on a Statement