On December 31, 2020, Empresas La Sidrita acquired a building. La Sidrita paid a third of the purchase price in cash and signed a note payable with the seller for the difference. The company closes books on December 31. In the Statement of Cash Flows for 2020, how much will La Sidrita report in the investment activities section? Select one: a. The purchase price of the building. b. Only cash paid. c. Zero. d. The principal of the document payable.
On December 31, 2020, Empresas La Sidrita acquired a building. La Sidrita paid a third of the purchase price in cash and signed a note payable with the seller for the difference. The company closes books on December 31. In the Statement of Cash Flows for 2020, how much will La Sidrita report in the investment activities section? Select one: a. The purchase price of the building. b. Only cash paid. c. Zero. d. The principal of the document payable.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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44.On December 31, 2020, Empresas La Sidrita acquired a building. La Sidrita paid a third of the purchase price in cash and signed a note payable with the seller for the difference. The company closes books on December 31. In the Statement of
Select one:
a. The purchase price of the building.
b. Only cash paid.
c. Zero.
d. The principal of the document payable.
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