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Author Question: Pietro's Pizza purchased a new wood-burning pizza oven for $37,000. Pietro put $7,500 cash down and ... (Read 192 times)

dejastew

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Pietro's Pizza purchased a new wood-burning pizza oven for $37,000. Pietro put $7,500 cash down and signed a long-term note for the balance. How would this transaction be reflected on the Statement of Cash Flows under the indirect method?
◦ A $7,500 outflow of cash in the operating section and a $29,500 outflow in the financing section.
◦ A $37,000 outflow of cash in the financing section.
◦ A $7,500 outflow of cash in the operating section and a $29,500 outflow in the investing section.
◦ A $7,500 outflow of cash in the investing section.


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Marked as best answer by dejastew on Feb 19, 2020

Chou

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dejastew

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Reply 2 on: Feb 19, 2020
Gracias!


dreamfighter72

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Reply 3 on: Yesterday
Excellent

 

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