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ABC Company purchased a vehicle in 2 0 2 3 costing $ 5 0 , 0 0 0 . ABC paid a cash down payment

ABC Company purchased a vehicle in 2023 costing $50,000. ABC paid a cash down payment of $5,000 for the vehicle and financed the balance of $45,000 with a note payable. ABC should not include the vehicle purchase in its Statement of Cash Flows because they did not pay the full $50,000 in cash, True or False.
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