In a statement of cash flows, receipts from the issuance of debt in order to purchase a manufacturing machine should be classified as cash inflows from
A. Capital Investing activities.
B. Operating activities.
C. Financing activities.
D. Investing activities.
Answer:C
In a statement of cash flows, receipts from the issuance of debt in order to purchase a manufacturing machine should be classified as cash inflows from
A. Capital Investing activities. B. Operating activities. C. Financing activities. D. Investing activities.