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Reporting land acquisition for cash and mortgage note on statement of cash flows On the basis of the details of the following fixed asset account,
Reporting land acquisition for cash and mortgage note on statement of cash flows
On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows:
ACCOUNT Land
ACCOUNT NO
tableDateItem,Debit,Credit,tableBalanceDebittableBalanceCreditJanuary Balance,,,February Purchased for cash,November Purchased with longterm mortgage note,,
tableItemSection of Statement of Cash Flows Added or DeductedPurchase of land for cash,Purchase of land by issuing,longterm mortgage note,
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