Van Buren Company acquires a piece of land by signing a $100,000 promissory note and making a

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Van Buren Company acquires a piece of land by signing a $100,000 promissory note and making a $30,000 down payment.

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How should this transaction be reported on the statement of cash flows?

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Managerial Accounting A Focus on Ethical Decision Making

ISBN: 978-0324663853

5th edition

Authors: Steve Jackson, Roby Sawyers, Greg Jenkins

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Question Posted: Mar 11, 2015 11:16 AM

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Van Buren Company acquires a piece of land by signing a $100,000 promissory note and making a

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Managerial Accounting A Focus on Ethical Decision Making

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