A company purchased a parcel of land using a long- term note payable. Using the direct method, where is this transaction reported on the statement of cash flows? O A. investing activities OB. financing activities OC. operating activities OD. noncash investing and financing activities

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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A company purchased a parcel of land using a long- term note payable. Using the direct method, where is this transaction reported on the statement of cash flows?
.....
OA. investing activities
O B. financing activities
O C. operating activities
OD. noncash investing and financing activities
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esc
20
888
Transcribed Image Text:A company purchased a parcel of land using a long- term note payable. Using the direct method, where is this transaction reported on the statement of cash flows? ..... OA. investing activities O B. financing activities O C. operating activities OD. noncash investing and financing activities MacBook Air esc 20 888
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