A company\'s balance sheet shows the account, Notes Payable. This resulted from

Question

A company's balance sheet shows the account, Notes Payable. This resulted from a loan made by the company's bank. If the end-of-year balance in the notes payable account exceeds the beginning-of-year balance by $5,000, this is shown on the cash flow statement as an
Answer
inflow of cash of $5,000 in the operating activities category.
outflow of cash of $5,000 in the operating activities category.
inflow of cash of $5,000 in the financing activities category.
outflow of cash of $5,000 in the financing activities category

Explanation / Answer

inflow of cash of $5,000 in the financing activities category.

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