Question
On May 30, 20x6, Hopple Ltd. purchased equipment costing $54380. The company paid $8905 cash and...
On May 30, 20x6, Hopple Ltd. purchased equipment costing $54380. The company paid $8905 cash and signed a 1-year, 7% note payable for the remaining amount of $45475. How would this transaction be reflected in the cash flow statement? Select one: a. Investing outflow of $54380 and a financing outflow of $45475 b. Investing outflow of $8905 and a financing outflow of $0 c. Investing outflow of $8905 and a financing outflow of $45475 d. Investing outflow of $0 and a financing outflow of $0
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