2.

value: 1.00 points

EX Qu. 181 During the current year, a company purchases equipment...

During the current year, a company purchases equipment for $310,000, paying $70,000 immediately and promising to pay the remainder within 30 days after the end of the year. Determine the amount of investing cash flows the company will report in the current year. (Cash outflows should be indicated with a minus sign.)