Transaction is disclosed on statement of cash flows

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Reference no: EM13866577

Zeus Manufacturing purchased plant assets that cost $50,000 by paying $20,000 in cash and financing the balance by issuing a note payable to the seller. This transaction is disclosed on a statement of cash flows as follows:

a. Cash flows from investing activities

Cash paid for purchase of plant assets.....$20,000

b. Cash flows from financing activities:

Purchase plant assets....$20,000

c. Cash flows from investing activities:

Purchased plant assets......$50,000

d. Both a and b.

Reference no: EM13866577

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