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Gregory's purchased a $25,000 truck for catering from its restaurant. It made a down payment of one-fourth of the price. What combination of amounts would
Gregory's purchased a $25,000 truck for catering from its restaurant. It made a down payment of one-fourth of the price. What combination of amounts would affect the income statement and statement of cash flows for the purchase of the truck? Statement of cash flows Income statement a. $-0- $25,000 b. $25,000 $ -0- c. $6,250 $25,000 d. $6,250 $ -0
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