What is the proper treatment on the statement of cash flows of (a) a transaction in which

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What is the proper treatment on the statement of cash flows of

(a) a transaction in which buildings and land were purchased by the issuance of a mortgage for

$234,000 and

(b) a conversion of $50,000 in bonds payable into 2,500 shares of $6 par value common stock?lo1

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Financial Accounting

ISBN: 9780618310746

8th Edition

Authors: Belverd E. Needles Jr,, Marian Powers

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