Which part/word/phrase in the passage refers to a business's financing activity seen in a cash flow statement?
Nathan works as an accountant in a footwear manufacturing company. He is currently preparing the cash flow statement for his employer. During the given accounting period, the company purchased raw materials worth $25,000. It also bought new equipment worth $75,000 to increase its production output. Further, it borrowed a long-term bank loan of $100,000 to facilitate further expansion. Finally, the company spent $50,000 on advertising its latest brand of footwear in the market.
a. the company purchased raw materials worth $25,000
b. bought new equipment worth $75,000 to increase its production output.
c. it borrowed a long-term bank loan of $100,000 to facilitate further expansion.
d. the company spent $50,000 on advertising its latest brand of footwear
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