Cisco Systems, Inc. had the following transactions in May 2028: Issued 1,260,000 shares of common stock for
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Question:
Cisco Systems, Inc. had the following transactions in May 2028:
- Issued 1,260,000 shares of common stock for $1,260 per share.
- Purchased land for $430,000,000, paying $172,000,000 in cash and signing a note for the balance.
- Declared and paid dividends of $49,000,000.
Record the journal entries for these transactions and show how they would affect the cash flow statement.
Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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