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Melo's Purchased a $25,000 Truck for Catering from Its Restaurant

Question 29

Multiple Choice

Melo's 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? Statement of Income
Cash Flow Statement


A) $ -0- $25,000
B) ($25,000) $ -0-
C) ($ 6,250) $25,000
D) ($ 6,250) $ -0-

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