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Analyze and explain in complete sentences how the following transactions should be reported in the statement of cash flows: Issue 100,000 ordinary shares at $10
Analyze and explain in complete sentences how the following transactions should be reported in the statement of cash flows:
- Issue 100,000 ordinary shares at $10 par in exchange of a piece of land with market value of $1,000,000.
- Buy a production equipment for $500,000. Payment is settled by $200,000 cash and the balance by a long-term note payable.
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