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

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Assume that a company purchases land for $100,000, pay¬

ing $20,000 cash and borrowing the remainder with a long¬

term note payable. How should this transaction lie reported on a statement of cash flows?

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Financial Accounting Information For Decisions

ISBN: 9780072974720

3rd Edition

Authors: John J Wild

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Question Posted: Jun 21, 2024 09:05 AM

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

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Financial Accounting Information For Decisions

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