Question: Starfish Shells had a beginning balance in Notes Payable of $35,000 and an ending balance of $40,000. This will be reported as _____ on the
Starfish Shells had a beginning balance in Notes Payable of $35,000 and an ending balance of $40,000. This will be reported as _____ on the statement of cash flows.
A. a decrease of $5,000 in the cash flows from the financing activities section
B. a decrease of $5,000 in the cash flows from investing activities section
C. an increase of $5,000 in the cash flows from investing activities section
D. an increase of $5,000 in the cash flows from the financing activities section
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