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.
Chapter 22, Questions #18
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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Related Book For 
Intermediate Accounting
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
ISBN: 978-0324300987