Asked by
edward kalyan
on Oct 27, 2024
Verified
While repaying principal on long-term debt is reported as part of cash flows from financing activities,repaying principal on short-term debt (notes payable)is reported as part of cash flows from operating activities.
Financing Activities
Activities that result in changes in the size and composition of the equity capital or borrowings of a company.
Long-Term Debt
A financial obligation that is due for repayment in more than one year's time.
- Recognize the different types of cash flows depicted in the statement of cash flows.
Verified Answer
IP
Learning Objectives
- Recognize the different types of cash flows depicted in the statement of cash flows.
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