Which section of the Statement of Cash Flows would you look to find cash flows related to Notes Payable?1 pointOperating ActivitiesInvesting ActivitiesNet CashFinancing Activities
Question
Which section of the Statement of Cash Flows would you look to find cash flows related to Notes Payable?1 pointOperating ActivitiesInvesting ActivitiesNet CashFinancing Activities
Solution
You would look in the Financing Activities section of the Statement of Cash Flows to find cash flows related to Notes Payable. This section includes transactions that affect long-term liabilities and equity, such as issuing debt or equity, repaying debt (like Notes Payable), and paying dividends.
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