Mary Kay Cosmetics
Selected data and additional information from the company's records are presented below: 
Additional information:
-Refer to Mary Kay Cosmetics. How would the transaction to acquire a building by signing a 20-year mortgage note payable be reported on the statement of cash flows for 2020?
Definitions:
Net Income
The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from total revenues.
Common Shares Outstanding
The total number of shares of common stock that are issued and actively held by shareholders, excluding treasury shares.
Accounts Receivable Turnover
A financial ratio that measures how efficiently a company collects cash from its credit sales by dividing net credit sales by the average accounts receivable.
Allowance For Bad Debts
An estimate of the amount of credit sales that are expected not to be collected, which is subtracted from total receivables in a company's financial statements to show a more accurate picture of net revenue.
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