A company borrows $10,000 and signs a 90-day nontrade note payable. In preparing a statement of cash flows (indirect method), this event would be reflected as a(n) cash inflow from financing activities. addition adjustment to net income in the cash flows from operating activities section. cash outflow from investing activities. cash inflow from investing activities.

A company borrows $10,000 and signs a 90-day nontrade note payable. In preparing a statement of cash flows (indirect method), this event would be reflected as a(n) cash inflow from financing activities. addition adjustment to net income in the cash flows from operating activities section. cash outflow from investing activities. cash inflow from investing activities.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 27BE

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