Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

chapter 16-3 rk 3 of 3 (0 complete) HW Score: 0%, 0 of 36 pts Score: 0 of 7 pts E16-25 (similar to) Chapter 16

chapter 16-3

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

rk 3 of 3 (0 complete) HW Score: 0%, 0 of 36 pts Score: 0 of 7 pts E16-25 (similar to) Chapter 16 Home Question Help 0/28/19 11:45pm e kesinden d o owing sected transactions that occurred during the year ended December 31, 2018 (Click the icon to view the transactions 1960 points out of per question Identify any non-cash transactions that occurred during the year and show how they would be reported in the non-cash investing and financing activities section of the statement of cashows a box is not used in the table leave the box ompty, do not select a label or enter a zero) Minibikes, Inc Statement of Cash Flows (Partial) Year Ended December 31, 2018 Non-cash investing and Financing Activities to) (0/5) to) (0/7) Total Non-cash investing and Finanong Activities Choose from any list or enter any number in the input fields and then click Check Answer Copyright Terms of All parts showing Clear All Check Answer 1 per question Identify any non cash transactions that occurred durng the year and show how they would be reported in the non-cash investing and financing activities section of the statement of cash flows of a box is not used in the table, leave the box emply do not select a label or enter a zero Minibikes inc. Statement of Cash Flows Partial) Year Ended December 31, 2018 Non cash investing and Financing Active milar to) (0/5) milar to) (0/7) Acquisition of Building by Issuing Common Stock Acquisition of Truck by Issuing Long-term Note Payable Cash Payment of Cong-term Note Payable Cash Recept from Issuance of Common Stock Cash Receipt from Issuance of Long-term Note Payable Payment of Short-term Note Payable by issuing Common Stock Choose from any list or enter any number in the input fields and then click Check Answer Copyright Terms of Us All parts showing Clear All Check Answer here to search Question Identify any non-cash transactions that occurred during the year and show how they would be reported in the non-cash investing and financing activities section of the statement of cash flow box is not used ift the table leave the box empty, do not select a label of enter a zero X More info a issued 1250 shares of $5 par common stock for cash of $23.000 b. issued 5.600 shares of $5 par common stock for a building with a fair market value of $102 000 C. Purchased new truck with a fair market value of 532.000 Financed 100With long-term note d. Retired short term notes of $20,000 by issuing 2.900 shares of SS par common stock e. Pand long-term note of $9.500 to Bank of Tatanassessed new long-term note of 05 (07) Done Choose from any list or enter any number in the input felds and then click Check Ans Copyright Tic All parts showing Clear All Check Answer search question Identify any non-cash transactions that occurred during the year and show how they would be reported in the non-cash investing and financing activities section of the statement of cash flows (if a box is not used in the table, leave the box empty, do not select a label or enter a zero ) More Info . ISSUES OU S UR 39 par CONSILIU a Dung W ome value $102,000 C. Purchased new truck with a fair market value of $32,000 Financed it 100% with a long-term note d. Retired short-term notes of $20,000 by issuing 2 900 shares of $5 par common stock e. Paid long-term note of $9.500 to Bank of Tallahassee Issued new long term note of $24,000 to Bank of Trust (0/5) (0/7) Print Done Choose from any list or enter any number in the input fields and then click Check Answer Copyright Terms of All parts showing Clear All Check Answer Search

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ACCA Approved Study Text P7 Advanced Audit And Assurance

Authors: BPP

1st Edition

1472744349, 978-1472744340

More Books

Students also viewed these Accounting questions