FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
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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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