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How statement of cash flows for that calendar year

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Problem 1: Downriver Excursions LLC buys a new boat on credit for $10,000. How does this affect the income statement, balance sheet, and statement of cash flows for that calendar year? What if anything will be affected and by how much?

Problem 2:  Downriver Excursions LLC buys a new boat on credit for $10,000. How does this affect the income statement, balance sheet, and statement of cash flows for that calendar year? What if anything will be affected and by how much?

Reference no: EM132722088

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