Question: Why wouldn't you include the 26000? It's a long term liability which is included in financing activities right? Question 12 0 / 1 pts A

Why wouldn't you include the 26000? It's a long term liability which is included in financing activities right?

Question 12 0 / 1 pts A company had the following transactions in 2021: Sold land for $40,000. Issued common stock for $42,000. Repurchased its own common stock for $22,000. Purchased equipment for $26,000 by issuing 5-year note payable. What amount is reported in 2021 for Cash flows from financing activities? You Answered $6,000 cash outflows Correct Answer O $20,000 cash inflows 0 $46,000 cash inflows O $68,000 cash inflows

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