SOLUTION: -Royer Corporation engaged in this transaction: Purchased land and building with a mortgage. Indicate which section, if any, the above transaction would appear in, or relate to

Question 589710: -Royer Corporation engaged in this transaction:
Purchased land and building with a mortgage.
Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows.
a. Financing activities section
b. Operating activities section
c. Investing activities section
d. Schedule of noncash investing and financing transactions

-Royer Corporation engaged in this transaction:
Received interest on an investment in a long-term note.
Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows.
a. Financing activities section
b. Does not represent a cash flow
c. Operating activities section
d. Investing activities section

-Royer Corporation engaged in this transaction:
Converted loans payable to stock.
Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows.
a. Financing activities section
b. Schedule of noncash investing and financing transactions
c. Investing activities section
d. Operating activities section

Answer by lock817(1) (Show Source): You can put this solution on YOUR website!
Royer Corporation engaged in this transaction:
Purchased land for cash.
Indicate which section, if any, the above transaction would appear in, or relate to, on a statement of cash flows.
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