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On September 14th, 20x8, Mario Ltd. purchased equipment costing $44949. The company paid a portion in cash and signed a note payable for the remaining
On September 14th, 20x8, Mario Ltd. purchased equipment costing $44949. The company paid a portion in cash and signed a note payable for the remaining amount. Mario Ltd. also purchased a building costing $301685. For the building the company paid $127883 cash and issued common shares for the remaining amount. Notes Payable had a balance of $40249 on the 20x7 financial statements and $50408 on the 20x8 statements. How would these transactions be reflected in the cash flow statement?
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