Ask Experts Questions for FREE Help !
Ask
    marybel1202's Avatar
    marybel1202 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 18, 2009, 03:39 PM
    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?
    mslisah's Avatar
    mslisah Posts: 3, Reputation: 1
    New Member
    		  
    #2

    Jan 23, 2009, 06:58 PM

    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.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Statement of cash flows [ 2 Answers ]

Kazaam Company, a merchandiser, recently completed its calendar-year 2005 operations. For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect...

Statement of cash flows [ 1 Answers ]

How do I treat the revaluation upwards of land in a statement of cash flows?

What is the correct financial statement-statement of cash flows wording? [ 2 Answers ]

Cash (used) in operating activities <10,000> Cash (used) in investing activities 10,000 Thank you for any help you can provide.

Statement of Cash-flows [ 1 Answers ]

The Indirect Method Millennium Technologies Income statement for the year ended December 31 2002. Revenue: Net sales………………………… $3,200,000 Interest revenue………………. 40,000 Gain on sales of marketable securities….. ...

View more questions Search