During 2014, Larson Corp acquired buildings for $325,000, paying $75,000 cash and signing a 10% mortgage note payable in 1 . years for the balance. How should the transaction be shown in the cash flow statement for Larson in 2014?
a. As a $325,000 reduction in cash flows from investing activities and a $250,000 increase in cash flows from financing activities
b. As a $325,000 reduction in cash flows from investing activities
c. As a $75,000 reduction in cash flows from investing activities
d. As a $250,000 increase in cash flows from financing activities
C
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