Question
KAJ Incorporated purchased a machine costing $273,000 by paying $53,400 and signing a $219,600 note payable. How would this transaction be reported within the cash
KAJ Incorporated purchased a machine costing $273,000 by paying $53,400 and signing a $219,600 note payable.
How would this transaction be reported within the cash flow from investing activities section of the cash flow statement?
An outflow of $219,600.
An outflow of $53,400.
It would not be reported in the investing activities section of the cash flow statement.
An outflow of $273,000.
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Advanced Project Management A Structured Approach
Authors: Frederick Harrison, Dennis Lock
4th Edition
1138270636, 978-1138270633
