Q 83

KAJ Incorporated purchased a machine costing $250,000 by paying $35,000 and signing a $215,000 note payable. How would this transaction be reported within the cash flow from investing activities section of the cash flow statement? A)An outflow of $250,000. B)An outflow of $215,000. C)An outflow of $35,000. D)It would not be reported in the investing activities section of the cash flow statement.

Multiple Choice