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On September 14th, 20x8, Mario Ltd. purchased equipment costing $46952. The company paid a portion in cash and signed a note payable for the remaining
On September 14th, 20x8, Mario Ltd. purchased equipment costing $46952. The company paid a portion in cash and signed a note payable for the remaining amount. Mario Ltd. also purchased a building costing $304910. For the building the company paid $104153 cash and issued common shares for the remaining amount. Notes Payable had a balance of $44583 on the 20x7 financial statements and $63702 on the 20x8 statements. How would these transactions be reflected in the cash flow statement? Select one: O a. Investing outflow of $104153 and a financing outflow of $ 200757 O b. Investing outflow of $ 131986 and a financing outflow of $o O c. Investing outflow of $131986 and a financing outflow of $ 219876 O d. Investing outflow of $ 351862 and a financing outflow of so Check
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