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Additional information: Ace sold equipment with an original cost of $440 and accumulated depreciation of $290 for $120 cash. Ace issued 100 shares of common
Additional information:
Ace sold equipment with an original cost of $440 and accumulated depreciation of $290 for $120 cash.
Ace issued 100 shares of common stock for $700 cash.
Ace purchased treasury stock during the year and did not reissue any treasury shares.
Ace purchased $915 equipment for cash.
Ace issued a non-cash loan for $400 on 12/31/13 to purchase machinery for use in its plant.
Ace issued bonds for $250 cash.
How to get a Statement of cash flow: show work and specifically how to get debt principal reduction in the financing section.
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