2A4D DURING THE YEAR, DELTECH INC. ACQUIRED A LONG-TERM PRODUCTIVE AS...
93.
CSO: 2A4d
LOS: 2A4d
During the year, Deltech Inc. acquired a long-term productive asset for $5,000 and also
borrowed $10,000 from a local bank. These transactions should be reported on Deltech’s
Statement of Cash Flows as
a.
Outflows for Investing Activities, $5,000; Inflows from Financial Activities,
$10,000.
b.
Inflows from Investing Activities, $10,000; Outflows for Financing Activities,
$5,000.
c.
Outflows for Operating Activities, $5,000; Inflows from Financing Activities,
d.
Outflows for Financing Activities, $5,000; Inflows from Investing Activities,