Question
KAJ Incorporated purchased a machine costing $261,000 by paying $43,800 and signing a $217,200 note payable. How would this transaction be reported within the cash
KAJ Incorporated purchased a machine costing $261,000 by paying $43,800 and signing a $217,200 note payable.
How would this transaction be reported within the cash flow from investing activities section of the cash flow statement?
An outflow of $217,200.
An outflow of $43,800.
It would not be reported in the investing activities section of the cash flow statement.
An outflow of $261,000.
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Accounting Principles Volume 2 Chapters 13 To 26
Authors: Jerry J. Weygandt
11th Edition
1118342070, 978-1118342077
