The use of prototype stores, standardized merchandise lines, and cooperative advertising give product/trademark franchisees similar advantages to chains

Upon dissolution, a limited partnership's affairs must be wound up by partners who have acted wrongfully in actions that resulted in the dissolution

Indicate whether the statement is true or false

Equipment is acquired by issuing a note payable for $50,000 and a making a down payment of $20,000. The statement of cash flows will report a:

A) $20,000 outflow in the operating activities section. B) $70,000 outflow in the investing activities section. C) $50,000 inflow in the financing activities section. D) $20,000 outflow in the investing activities section.