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-   -   Statement of Cash Flows (https://www.askmehelpdesk.com/showthread.php?t=305399)

  • Jan 18, 2009, 03:39 PM
    marybel1202
    Statement of Cash Flows
    Can you tell me what is borrowing 3,750 cash by signing a short-term note payable is a financing or a investing activity?


    Paid 31,375 cash to reduce the long-term notes payable a financing or a investing activity?
  • Jan 23, 2009, 06:58 PM
    mslisah

    It seems like a financing activity. If you don't have the required amount of reserves, you would have to borrow and this would show up in the financing area. If you have a profit, you would pay the loan off or just make a payment.

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