Answer the following statements true (T) or false (F)
1. Maryland Services purchased 10 delivery vehicles by issuing a 10-year installment note payable for $320,000. This transaction is shown in the investing activities section of the statement of cash flows.
2. Selling property, plant, and equipment for $10,000 cash is considered a cash inflow from investing activities on the statement of cash flows.
3. When computing investing cash flows, it is helpful to evaluate the T-accounts for each long-term liability.
4. On the statement of cash flows, the investing activities section is shown after the financing activities section.
1. FALSE
2. TRUE
3. FALSE
4. FALSE
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Describe common stockholder rights
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