What amount is reported in the investing activities section

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Problem 1: A company acquired an equipment by paying a 30% down-payment and issuing a long term note for the balance. What amount is reported in the investing activities section of the statement of cash flows?

A. acquisition price of the equipment

B. 30% down-payment

C. amount of long-term note issued

D. zero

Problem 2: If land is sold at a loss, what amount is reported in the investing activities section of the statement of cash flows

A. net proceeds from the sale of land

B. net proceeds from the sale of land plus loss on sale of land

C. loss on sale of land

D. cost of the land sold

Reference no: EM132887395

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