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A compoany acquired a building, paying a portion of the purchase price in cash and issuing a mortgage note payable to the seller for the balance. In a statement of cash flows, which of these amounts would be included in the financing activities? 1 cash payment 2 acquisition price 3 mortgage amount and 4 none of thre chioces

A compoany acquired a building, paying a portion of the purchase price in cash and issuing a mortgage note payable to the seller for the balance. In a statement of cash flows, which of these amounts would be included in the financing activities? 1 cash payment 2 acquisition price 3 mortgage amount and 4 none of thre chioces

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A compoany acquired a building, paying a portion of the purchase price in cash and issuing a mortgage note payable to the seller for the balance. In a statement of cash flows, which of these amounts would be included in the financing activities? 1 cash payment 2 acquisition price 3 mortgage amount and 4 none of thre chioces
Transcribed Image Text:A compoany acquired a building, paying a portion of the purchase price in cash and issuing a mortgage note payable to the seller for the balance. In a statement of cash flows, which of these amounts would be included in the financing activities? 1 cash payment 2 acquisition price 3 mortgage amount and 4 none of thre chioces
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