Question
Ward Inc. acquired $50,000 of commercial paper issued by Procter & Gamble on December 1, 2021. The commercial paper matures on February 14, 2022. (A)
Ward Inc. acquired $50,000 of commercial paper issued by Procter & Gamble on December 1, 2021. The commercial paper matures on February 14, 2022.
(A) In preparing Wards statement of cash flows for 2021, the acquisition of the commercial paper would be?
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Survey of Accounting
Authors: Thomas P. Edmonds, Frances M. McNair, Philip R. Olds, Bor Yi
3rd Edition
978-1259683794, 77490835, 1259683796, 9780077490836, 978-0078110856
