Question
The Evil Queen Company purchased a building with $75,000 cash and issuing a $150,000 mortgage note payable. How would this transaction be reported in the
The Evil Queen Company purchased a building with $75,000 cash and issuing a $150,000 mortgage note payable. How would this transaction be reported in the statement of cash flows?
| a. | $75,000 cash payment from operating activities | |
| b. | $225,000 cash payment from investing activities | |
| c. | $75,000 cash payment from investing activities | |
| d. | $75,000 cash payment from financing activities |
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Financial Accounting
Authors: J. David Spiceland, Wayne Thomas, Don Herrmann
3rd edition
978-0078025549
