On the basis of the details of the following fixed asset account, indicate the items to be
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On the basis of the details of the following fixed asset account, indicate the items to be reported on the statement of cash flows:
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ACCOUNT Land ACCOUNT NO. Balance Date Item Debit Credit Debit Credit 2012 Jan. Balance 195,000 502,500 Feb. 10 Purchased for cash 307,500 Nov. 20 Purchased with long-term mortgage note 405,000 907,500
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Related Book For
Financial and Managerial Accounting Using Excel for Success
ISBN: 978-1111993979
1st edition
Authors: James Reeve, Carl S. Warren, Jonathan Duchac
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