The company ABC purchased an asset for Rs 40 000 paying 30 000-12756
The company ABC purchased an asset for Rs. 40,000, paying 30,000 in cash and issuing a long term note payable for remaining balance. The amount will be recorded in statement of cash flows as:
This multiple choice question (MCQ) is related to the book/course
vu mgt101 Financial Accounting.
It can also be found in
vu mgt101 Final Term - Quiz No.4.
The company ABC purchased an asset for Rs. 40,000, paying 30,000 in cash and issuing a long term note payable for remaining balance. The amount will be recorded in statement of cash flows as:
Rs. 40,000 cash outflow as investing activity
Rs. 30,000 cash outflow as investing activity
Rs. 10,000 cash inflow as investing activity
Rs. 70,000 cash inflow as investing activity
