Assume that a company purchases land for $100,000, paying $20,000 cash and borrowing the remainder with a

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Assume that a company purchases land for $100,000, paying $20,000 cash and borrowing the remainder with a long term note payable. How should this transaction be reported on a statement of cash flows?

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Managerial Accounting

ISBN: 978-0073379586

2010 Edition

Authors: John J. Wild, Ken W. Shaw

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Question Posted: May 17, 2012 04:45 AM

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Assume that a company purchases land for $100,000, paying $20,000 cash and borrowing the remainder with a

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The amount of the land purchase that was paid for in cash 20000 should b...View the full answer

Managerial Accounting

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