During 2015, Pencils and More Ltd purchased equipment but paid for it with the issue of 2
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During 2015, Pencils and More Ltd purchased equipment but paid for it with the issue of 2 million $1 ordinary shares. Indicate how the transaction would be reported in a statement of cash flows, if at all.
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Related Book For 
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
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