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39. California Company purchased equipment by issuing a note payable to the seller for a...

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Accounting

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39. California Company purchased equipment by issuing a note payable to the seller for a portion of the price and paying the balance in cash. In a statement of cash flows, what amount is included in investing activities? A) Cash payment B) Acquisition price C) Zero D) Notes payable amount Select one: A B o C D 40. California Company purchased equipment by issuing a note payable to the seller for a portion of the price and paying the balance in cash. In a statement of cash flows, what amount is included in financing activities for the above transaction? A) Cash payment B) Acquisition price C) Zero D) Notes payable amount Select one: A B D

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