Question: Please help me urgently my assignment is due tonight im so confused on these two questions Additional information: 1. Principal payments on the mortgage payable
Please help me urgently my assignment is due tonight im so confused on these two questions


Additional information: 1. Principal payments on the mortgage payable were $21,500. 2. A building was purchased for $430,000 by paying $172,000 cash and signing a mortgage note payable for the balance. 3. Profit for the year was $124,700. Assuming the company reports under ASPE and all dividends have been paid, prepare the financing activities section of the cash flow statement. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) Note X: During the year, the company acquired a building with a cost of $ by paying $ cash and incurring a mortgage note payable of \$ Selected information follows for Ivanhoe Select Corporation at December 31: Prepare the investing activities section of the cash flow statement. (Show amounts that decrease cash flow with either a sign e.g. 15,000 or in parenthesis e.g. (15,000)
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