A mortgage incurred in exchange for an office building would be reported in the statement of cash flows in a. the Cash flows from investing activities section. b. a separate section that appears at the bottom of the statement. c. the Cash flows from operating activities section. d. the Cash flows from financing activities section.

Question

Mathematics

Houston Noble

25 September, 05:48

A mortgage incurred in exchange for an office building would be reported in the statement of cash flows in a. the Cash flows from investing activities section. b. a separate section that appears at the bottom of the statement. c. the Cash flows from operating activities section. d. the Cash flows from financing activities section.

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Dixie Christian · Answer 1

A mortgage incurred in exchange for an office building would be reported in the statement of cash flows in a separate section that appears at the bottom of the statement.

Step-by-step explanation:

A mortgage is a document that creates a lien on a property as security for the payment of a debt.