A company borrows $125,000 from the Eastside Bank and receives the loan proceeds in cash. This represents a(n):
a. Operating activity.
b. Investing activity.
c. Financing activity.
d. Revenue activity.
e. Expense activity.
Answer: C
A company borrows $125,000 from the Eastside Bank and receives the loan proceeds in cash. This represents a(n):
a. Operating activity.
b. Investing activity.
c. Financing activity.
d. Revenue activity.
e. Expense activity.
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.