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Quiz 4 Problem: For each of the items, clearly indicate the implications for the cash flow statement. 1. Purchased $45,000 in equipment by issuing a note payable due in 1 year for $15,000 and paying the remainder in cash. section. Cash flows of $ as an [increase] (decrease in the 2. Sold equipment having a historical cost of $39,000 with accumulated depreciation of $18,000 for $26,000 cash. section. as an [increase] (decrease] in the Cash flows of $ Cash flows of $ as an [increase] (decrease] in the section.
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