T-16 Multiple Choice

16. On the firms balance sheet, long-term debt went from $1 million at the end of 2008 to $2 million at the end of 2009. What should I see on the Statement of Cash Flows?

A. $1 million source of cash in investing activities B. $1 million use of cash in investing activities C. $1 million source of cash in financing activities D. $1 million use of cash in financing activities E. $1 million use of cash in operating activities