What amounts will Siebens report on its 2012 statement of cash flows?
A) $0
B) A cash outflow of $20,000 shown as an operating activity
C) A cash outflow of $20,000 and an inflow of $800 for interest
D) A cash outflow of $20,000 shown as an investing activity

Question

Quizplus · Accepted Answer

The $20,000 cash outflow is related to an investing activity, as it likely pertains to the purchase of a long-term asset or investment.

What Amounts Will Siebens Report on Its 2012 Statement of Cash