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15) ABC Ropes is interested in buying a retail store front to sell their ropes as they have previously only been selling online. ABC takes
15) ABC Ropes is interested in buying a retail store front to sell their ropes as they have previously only been selling online. ABC takes a loan from the bank in order to purchase a retail space outright. ABC receives a $250,000 loan from the bank to purchase their retail space. What is this $250,000 categorized as and what type of activity is it? 2 Points Cash Inflow, Financing Activity Cash Inflow, Operating Activity Cash Outflow, Investing Activity 16) Based on what you know about an income statement, categorize the following transactions into 1 of the 3 categories: investing, operating, or financing activities. Sale of investments (except trading securities) Collections of notes receivable Current asset and liability accounts. Long-term liabilities and stockholders' equity. 3 Points
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