Question: Q8... 9 Pls answer both pls Q Question 8 1 points Save Answer When a company purchases machines by issuing a long-term note payable for


Q8... 9
Pls answer both pls Q
Question 8 1 points Save Answer When a company purchases machines by issuing a long-term note payable for the entire amount, the transaction should be reported on the statement of cash flows in: O A. investing activities, the second section. B. not included in cash flow statement. C. financing activities, the third section. O D. operating activities, the first section. Question 9 The corporate form of business has all the following advantages EXCEPT: O A. Separate legal entity. B. The life of a corporation is unlimited and ease of capital accumulation. OC. No mutual agency for stockholders. OD. Stockholders have unlimited liabiliy
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
