Borrowing money is an example of:Group of answer choicesan operating activity.a non-cash activity.an investing activity.a financing activity.
Question
Solution 1
Borrowing money is an example of a financing activity.
Financing activities in a business include transactions with owners and creditors and include both inflows and outflows of cash. The cash flows from financing activities section of the cash flow statement includes transactions that involve debt Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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