Question
In 2020, Malibu, Inc. issued notes payable to purchase land. In Malibus 2020 statement of cash flows, how would this transaction be classified? A. Cash
In 2020, Malibu, Inc. issued notes payable to purchase land. In Malibus 2020 statement of cash flows, how would this transaction be classified?
| A. | Cash flow from investing activity only. | |
| B. | Cash flows from both investing and financing activities. | |
| C. | Cash flow from financing activity only. | |
| D. | Noncash investing and financing activity. |
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Accounting
Authors: Carl s. warren, James m. reeve, Philip e. fess
21st Edition
978-0324400205, 324225016, 324188005, 324400209, 9780324225013, 978-0324188004
