Multiple Choice
A company purchases a $300,000 building,paying $200,000 in cash and signing a $100,000 promissory note.What will be reported on the statement of cash flows as a result of this transaction?
A) A $300,000 cash outflow from investing activities
B) A $200,000 cash outflow from investing activities and a $100,000 cash inflow from financing activities
C) A $200,000 cash outflow from investing activities and a $100,000 noncash transaction
D) A $300,000 cash outflow from investing activities and a $100,000 cash inflow from financing activities
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Which of the following is not needed
Q5: When a company uses the direct method
Q13: In general,the cash flow from operating activities
Q59: In the decline phase,the company continues to
Q115: Cash flows from operating activities include:<br>A)changes in
Q188: Your company owned equipment with a book
Q190: Repayments of loans will be reported as
Q192: The receipts of dividends and interest are
Q195: Match each item with the correct letter
Q196: In arriving at cash from operating activities,adding