A company purchases land for ($ 200,000), and finances (100 %) of the purchase with a long-term

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A company purchases land for \(\$ 200,000\), and finances \(100 \%\) of the purchase with a long-term note payable. Should this transaction be reported


on a statement of cash flows? If so, where on the statement should it be reported?

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Financial Accounting

ISBN: 9780256091939

5th Edition

Authors: Kermit D. Larson, Paul B. W. Miller

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