Carson City Saloon purchased a $25,000 truck for catering from its restaurant.It made a down payment of one-fourth of the price.What combination of amounts would affect the income statement and statement of cash flows for the purchase of the truck? $\begin{array}{lc}
\text { Income Statement } & \text { Cash Flow Statement } \
\text { a. } \$ 25,000 & \$-0- \
\text { b. } \$-0- & (\$ 25,000) \
\text { c. } \$ 25,000 & (\$ 6,250) \
\text { d. } \$-0- & (\$ 6,250)
\end{array}$

Question

Carson City Saloon purchased a $25,000 truck for catering from its restaurant.It made a down payment of one-fourth of the price.What combination of amounts would affect the income statement and statement of cash flows for the purchase of the truck? ​ $\begin{array}{lc}
\text { Income Statement } & \text { Cash Flow Statement } \
\text { a. } \$ 25,000 & \$-0- \
\text { b. } \$-0- & (\$ 25,000) \
\text { c. } \$ 25,000 & (\$ 6,250) \
\text { d. } \$-0- & (\$ 6,250)
\end{array}$

Quizplus · Accepted Answer

The Answer of Carson City Saloon purchased a $25,000 truck for catering from its restaurant.It made a down payment of one-fourth of the price.What combination of amounts would affect the income statement and statement of cash flows for the purchase of the truck? ​ $\begin{array}{lc}
\text { Income Statement } & \text { Cash Flow Statement } \
\text { a. } \$ 25,000 & \$-0- \
\text { b. } \$-0- & (\$ 25,000) \
\text { c. } \$ 25,000 & (\$ 6,250) \
\text { d. } \$-0- & (\$ 6,250)
\end{array}$

Carson City Saloon Purchased a $25,000 Truck for Catering from Its