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Statement of Cash Flows How to calculate with answer. Reporting Land Acquisition for Cash and Mortgage Note on Statement of Cash Flows On the basis

Statement of Cash Flows How to calculate with answer.



image text in transcribed 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 Balance 209,400 Feb. Purchased for cash 303,600 513,000 Nov. 20 Purchased with long-term mortgage note 415,500 928,500 Item Section of Statement of Cash Flows Added or Deducted AmountPurchase of land for cash v 7 $ Purchase of land by issuing :] long-term mortgage

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