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Next Page Question 1 (1 point) Page 1 of 5 On May 30, 20x6, Hopple Ltd. purchased equipment costing $59,000. The company paid $6,000 cash
Next Page Question 1 (1 point) Page 1 of 5 On May 30, 20x6, Hopple Ltd. purchased equipment costing $59,000. The company paid $6,000 cash and signed a 1-year, 7% note payable for the remaining amount of $53,000. How would this transaction be reflected in the cash flow statement? Investing outflow of $6,000 and a financing outflow of $0 Investing outflow of $6,000 and a financing outflow of $53,000 Investing outflow of $59,000 and a financing outflow of $53,000 Investing outflow of $0 and a financing outflow of $0 Next Page Page 1 of 5
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