accounting

posted by .

Assume that a company purchases land for $100,000, paying $20,000 cash and borrowing the remainder with a long-term note payable. How should this transaction be reported on a statement of cash flows

  • accounting -

    Outflow investing activities (note), inflow investing activities (land), and outflow operating activities (cash).

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. accounting

    working capital management: how this transaction might affect dynamic mattress in cash and net working capital, customer paying a $2,500 bill resulting from a previous sale. Paying $5,000 previously owed to one of its suppliers, borrowing …
  2. Accounting

    I am struggling with the operating activities section of this as in what titles of accounts I should use in this section and do they decrease or increase the net income 2005 2004 Assets Cash . . . . . . . . . . . . . . . . . . . . …
  3. accounting help

    How to prepare this entries Preparing and posting journal entries; preparing a trial balance Shelton Engineering completed the following transactions in the month of June. a. Shania Shelton, the owner, invested $105,000 cash, office …
  4. accounting

    Assets Cash (Net Effect) $35,000 20,000 +15,000 A/R 33,000 14,000 +19,000 Merchandise Inventory 27,000 20,000 +7,000 PPE 60,000 78,000 -18,000 Accumulated Depreciation (29,000) (24,000) ?
  5. accounting 2

    June 30, 2008/2007 Assets Cash- 34,700/23,500 accounts receivable- 101,600/92,300 inventory- 146,300/142,100 Investment-0/50,000 Land-145,000/0 equipment- 215,000/175,500 accumulated depreciation- (53,400)/(41,300) 2008= 594,000 /2007=442,100 …
  6. Accounting

    Janfer Book Store purchased a new automobile that cost $10,000, made a down payment of $3,000, and signed a note payable for the balance. The entry to record this transaction is: Cash 3,000.00 Note Payable7,000.00 Automobile 10,000.00 …
  7. accounting cash flow

    Hi, i have a problem with my statement of cash flow, I did all the work but I just can not seem to find the "cash at beginning of year" part. Does anyone know how to calculate this?
  8. Accounting

    Presented below are selected financial statement items for Rowe Corporation for December 31, 2012. Inventory $55,000 Cash paid to purchase equipment $30,000 Cash paid to suppliers 154,000 Equipment 40,000 Buildings 400,000 Revenues …
  9. accounting

    A company was recently formed with $ 50,000 cash contributed to the company by stock-holders. The company then borrowed $ 20,000 from a bank and bought $ 10,000 of supplies on account. The company also purchased $ 50,000 of equipment …
  10. Accounting

    I have completed all of my assignment except this one last question. I am having a heck of a time figuring out where to even start. Can anyone help me?

More Similar Questions