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dont know what to put for the $ and section eBook Reporting Land Acquisition for Cash and Mortgage Note on Statement of Cash Flows On
dont know what to put for the $ and section
eBook Reporting Land Acquisition for Cash and Mortgage Note on Statement of Cash Flows On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows: ACCOUNT Land Calculator Print ltem ACCOUNT NO Balance Date Jan.1 Feb. 10 Purchased for cash Nov. 20 Purchased with long-term mortgage note Item Debit Credit Credit Debit 306,400 762,900 Balance 456,500 617,900 1,380,800 Section of Statement of Cash Flows Added or Deducted Item Purchase of land for cash Purchase of land by issuing long-term mortgage note Amount Investing activities section Deducted 456,500 Report only Investing activities section X Financing activities section Investing activities section Operating activities section Separate schedule Feedback Check My Work Remember that you are trying to de ansactions have on cashStep by Step Solution
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