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The issuance of notes payable for borrowing is classified in the statement of cash flows as a(n): Multiple Choice Operating activity. Investing activity. Financing activity. Noncash activity.

Sagot :

Tundexi

The transaction of the issuance of notes payable for borrowing will be classified in cash flows statement as a Financing activities.

Under the statement of Cash-flow, the financing activities section records all transactions that involves long-term liabilities, owner's equity etc.

  • Hence, the transaction of the issuance of notes payable for borrowing will be classified in cash flows statement as a Financing activities.

Therefore, the Option C is correct.

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