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Strawbale, Incorporated purchases a $317,200 building, paying $216,000 in cash and signing a $101,200 promissory note. What will be reported on the statement of cash
Strawbale, Incorporated purchases a $317,200 building, paying $216,000 in cash and signing a $101,200 promissory note. What will be reported on the statement of cash flows as a result of this transaction? Multiple Choice A $216,000 cash outflow from investing activities and a $101,200 noncash transaction A $317,200 cash outflow from investing activities A $317,200 cash outflow from investing activities and a $101,200 cash inflow from financing activities A $216,000 cash outflow from investing activities and a $101,200 cash inflow from financing activities
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