Question
KAJ Incorporated purchased a machine costing $271,000 by paying $51,800 and signing a $219,200 note payable. How would this transaction be reported within the cash
KAJ Incorporated purchased a machine costing $271,000 by paying $51,800 and signing a $219,200 note payable.
How would this transaction be reported within the cash flow from investing activities section of the cash flow statement?
-An outflow of $51,800.
-It would not be reported in the investing activities section of the cash flow statement.
-An outflow of $219,200.
-An outflow of $271,000.
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Accounting And Auditing Practices In Africa
Authors: Mariaan Roos, Lesley Stainbank
1st Edition
1928357431, 978-1928357438
