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Colossal Manufacturing purchased a new piece of equipment costing $ 65 comma 000. Colossal paid $ 15 comma 000 cash down and signed a long-term
Colossal Manufacturing purchased a new piece of equipment costing $ 65 comma 000. Colossal paid $ 15 comma 000 cash down and signed a long-term note for the remainder. What types of activities (operating, financing, or investing) are represented by this transaction? How would this transaction be reported in Colossal Manufacturing's statement of cash flows? Question content area bottom Part 1 Complete the table below to show how this transaction would be reported in Colossal Manufacturing's statement of cash flows and/or its accompanying schedule of noncash investing and financing activities. (Use a minus sign or parentheses to show a cash outflow. If the transaction does not affect a particular section of the statement, leave the cell blank. Do not enter a "0" for any zero balances.) Cash inflow (outflow) Operating activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Investing activities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Financing
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