Asked by
Yaire Rivera
on Nov 14, 2024Verified
Retirement of non-current debt (incurred for lending purposes) with cash:
A) operating activities section
B) investing activities section
C) financing activities section
D) does not represent a cash flow
Non-current Debt
Long-term financial obligations that are due beyond the next twelve months, reflecting a company's long-term financing strategies.
Lending Purposes
The specific reasons or objectives behind the issuance of a loan, such as business expansion or purchase of equipment.
Financing Activities
Transactions between a company and its creditors or investors used to fund the company's operations or expansions, reflected in the cash flow statement.
- Outline the differentiation among cash flows linked to operating, investing, and financing engagements.
Verified Answer
AB
Learning Objectives
- Outline the differentiation among cash flows linked to operating, investing, and financing engagements.