Duncan Corp. purchased a building, paying part of the purchase price in cash and issuing a mortgage note payable to the seller for the balance. In a statement of cash flows, what amount is included in investing activities for the above transaction? a. the full purchase price b. the cash payment c. the amount mortgaged d. zero (but disclosed in the notes)

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Duncan Corp. purchased a building, paying part of the purchase price in cash and issuing a mortgage note payable to the seller for the balance. In a statement of cash flows, what amount is included in investing activities for the above transaction?
a. the full purchase price
b. the cash payment
c. the amount mortgaged
d. zero (but disclosed in the notes)
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