If a company acquires machinery in exchange for a long-term note payable, both a financing activity and

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If a company acquires machinery in exchange for a long-term note payable, both a financing activity and an investing activity have taken place. Explain how this is true.

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Financial Accounting Information For Decisions

ISBN: 978-0324672701

6th Edition

Authors: Robert w Ingram, Thomas L Albright

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Question Posted: Jun 22, 2012 01:11 AM

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If a company acquires machinery in exchange for a long-term note payable, both a financing activity and

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The acquisition of machinery typically involves cash Nevertheless the acquisition of machinery is ...View the full answer

Financial Accounting Information For Decisions

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