Question

The purchase of $100,000 of equipment by issuing a note would be reported:

A) as a $100,000 investing inflow, and a $100,000 financing outflow.

B) as a$100,000 investing outflow, and a $100,000 financing inflow.

C) as a $100,000 operating inflow, and a $100,000 financing outflow.

D) in a supplementary schedule.

Answer

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