Use the following information for questions 111 and 112.
A company acquired a building, paying a portion 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) Cash payment
B) Acquisition price
C) Zero
D) Mortgage amount

Question

Quizplus · Accepted Answer

Only the cash payment portion of the purchase price is included in investing activities in the statement of cash flows.

Use the Following Information for Questions 111 and 112