Cash advances and loans to other parties (other than advances and loans made by financial institution) is an example of cash flows from financing activities.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter16: Statement Of Cash Flows
Section: Chapter Questions
Problem 9EA: Use the following excerpts from Eagle Companys financial records to determine net cash flows from...
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Please answer it if is TRUE or FALSE.

Cash advances and loans to other parties (other than advances and loans made by financial
institution) is an example of cash flows from financing activities.
Transcribed Image Text:Cash advances and loans to other parties (other than advances and loans made by financial institution) is an example of cash flows from financing activities.
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