Preston corp acquires a piece of land by signing a 60000


Preston Corp. acquires a piece of land by signing a $60,000 promissory note and making a down payment of $20,000. How should this transaction be reported on the statement of cash flows?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Preston corp acquires a piece of land by signing a 60000
Reference No:- TGS0779264

Now Priced at $20 (50% Discount)

Recommended (92%)

Rated (4.4/5)