Equipment is acquired by issuing a note payable for $56,000 and a making a down payment of $28,000. The statement of cash flows will report a: O A. $84,000 outflow in the investing activities section. OB. $28,000 outflow in the operating activities section. OC. $56,000 inflow in the financing activities section. OD. $28,000 outflow in the investing activities section. ←

Equipment is acquired by issuing a note payable for $56,000 and a making a down payment of $28,000. The statement of cash flows will report a: O A. $84,000 outflow in the investing activities section. OB. $28,000 outflow in the operating activities section. OC. $56,000 inflow in the financing activities section. OD. $28,000 outflow in the investing activities section. ←

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Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 56PSB

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