Statement of cash flows : This statement reports all the cash transactions which are responsible for inflow and outflow of cash and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities. To Explain: The way to report the acquisition of a building by issuing a mortgage note payable in addition to a significant cash down payment in the statement of cash flows.

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Chapter 21, Problem 21.10Q

To determine

Statement of cash flows: This statement reports all the cash transactions which are responsible for inflow and outflow of cash and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities.

To Explain: The way to report the acquisition of a building by issuing a mortgage note payable in addition to a significant cash down payment in the statement of cash flows.

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