Duncan Corp. purchased a building, paying part of the purchase price in cash and issuing a mortgage note payable to the seller for the balance. In a statement of cash flows, what amount is included in investing activities for the above transaction?

Question 48Select one:

a.

A. the cash payment

b.

B. the full purchase price

c.

D. the amount mortgaged

d.

C. zero (but disclosed in the notes)