If a company purchases land for 1000000 paying 400000 cash
Question - If a company purchases land for $1,000,000, paying $400,000 cash and borrowing the remainder with a long term note payable. Please give explanation for understanding on how this transaction be reported on a statement of cash flows?
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question - if a company purchases land for 1000000 paying 400000 cash and borrowing the remainder with a long term note
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