Question: Good afternoon! I really need help on this question below. Marian received an extra principal payment on the loan her business made to another company.

Good afternoon! I really need help on this question below.

Marian received an extra principal payment on the loan her business made to another company.

What activity does this exemplify?

Operating activity

No activity to record on the statement of cash flows

Financing activity

Investing activity

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!