Where would these accounts end up on the statement of cash flows?
Dr. Land 250,000
Cr. Cash 50,000
Cr. Note Payable 200,000
I put the cash in the investing activities section but not sure if i do anything with the note payable
Don G
Favorite Answer
Land is Investing. Notes Payable is Financing. The increase or decrease in Cash is the result of the Cash Flow statement.
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a million. the corporation won funds from issuing user-friendly inventory, so as that would desire to be an excellent form. 2. you ought to in undemanding terms remember to subtract the complete quantity of dividends, no longer in undemanding terms the 5,550. to discover that quantity, you may desire to utterly clarify the replace in Retained earnings. Make it an equation: beginning up stability + internet earnings - dividends = ending stability