Multiple Choice
Use the following information for questions 111 and 112.
A company 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, what amount is included in investing activities for the above transaction?
A) Cash payment
B) Acquisition price
C) Zero
D) Mortgage amount
Correct Answer:
Verified
Correct Answer:
Verified
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