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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.
Balance
Date Item Debit Credit Debit Credit
2016
Jan. 1 Balance 305,100
Feb. 10 Purchased for cash 494,300 799,400
Nov. 20 Purchased with long-term mortgage note 647,500 1,446,900

Item Section of Statement of Cash Flows Added or Deducted Amount
Purchase of land for cash

(Financing activities section/Investing activities section/Operating activities section/Separate schedule

Added/Deducted/Not applicable

$
Purchase of land by issuing long-term mortgage note $

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