77. A nongovernmental not-for-profit organization borrowed $5,000, which it used to purchase a truck. In which section of the organization's statement of cash flows should the transaction be reported? a. In cash inflow and cash outflow from investing activities. b. In cash inflow and cash outflow from financing activities. c. In cash inflow from financing activities and cash outflow from investing activities. d. In cash inflow from operating activities and cash outflow from investing activities.
77. A nongovernmental not-for-profit organization borrowed $5,000, which it used to purchase a truck. In which section of the organization's statement of cash flows should the transaction be reported? a. In cash inflow and cash outflow from investing activities. b. In cash inflow and cash outflow from financing activities. c. In cash inflow from financing activities and cash outflow from investing activities. d. In cash inflow from operating activities and cash outflow from investing activities.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
![77. A nongovernmental not-for-profit organization
borrowed $5,000, which it used to purchase a truck.
In which section of the organization's statement of
cash flows should the transaction be reported?
a. In cash inflow and cash outflow from investing
activities.
b. In cash inflow and cash outflow from financing
activities.
c. In cash inflow from financing activities and cash
outflow from investing activities.
d. In cash inflow from operating activities and cash
outflow from investing activities.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1ed612aa-0d2c-4950-ba3d-29cb4141854d%2Fb3b86c8b-797c-42b5-b2d4-8c0fbf730fef%2Ffzsr8y7_processed.jpeg&w=3840&q=75)
Transcribed Image Text:77. A nongovernmental not-for-profit organization
borrowed $5,000, which it used to purchase a truck.
In which section of the organization's statement of
cash flows should the transaction be reported?
a. In cash inflow and cash outflow from investing
activities.
b. In cash inflow and cash outflow from financing
activities.
c. In cash inflow from financing activities and cash
outflow from investing activities.
d. In cash inflow from operating activities and cash
outflow from investing activities.
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