Multiple Choice
During 2014,Larson Corp.acquired buildings for $325,000,paying $75,000 cash and signing a 10% mortgage note payable in 10 years for the balance.How should the transaction be shown in the cash flow statement for Larson in 2014?
A) As a $325,000 reduction in cash flows from investing activities and a $250,000 increase in cash flows from financing activities
B) As a $325,000 reduction in cash flows from investing activities
C) As a $75,000 reduction in cash flows from investing activities
D) As a $250,000 increase in cash flows from financing activities
Correct Answer:

Verified
Correct Answer:
Verified
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