A company purchases equipment costing $12,500 by paying $5,000 down and signing a $7,500 note payable. Show

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A company purchases equipment costing $12,500 by paying $5,000 down and signing a $7,500 note payable. Show two ways of disclosing the effects of this transaction in regard to the statement of cash flows.

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Intermediate Accounting

ISBN: 978-0324300987

10th Edition

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

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Question Posted: Mar 10, 2012 06:51 AM

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A company purchases equipment costing $12,500 by paying $5,000 down and signing a $7,500 note payable. Show

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1 Statement of Cash Flows Cash Flows From Investing Activities Payme...View the full answer

Intermediate Accounting

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