E14-25 similar to) Question Help Tough Guy, Inc. identified the following selected transactions that occurred during the year ended December 31, 2018: Click the icon to view the transactions.) 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.) Tough Guy, Inc. Statement of Cash Flows (Partial) More Info - X ho a. Issued 950 shares of $4 par common stock for cash of $22,000. b. Issued 5,000 shares of $4 par common stock for a building with a fair market value of $93,000 c. Purchased new truck with a fair market value of $35,000. Financed it 100% with a long-term note. d. Retired short-term notes of $20,000 by issuing 2,000 shares of $4 par common stock. Paid lonn.orm.note of $7500 to Rank of Tallahassee Issued now long term note of Print Done Choose from any list or enter any number in the input fields and then click Check Answer ? All parts showing Clear All Check Answer End PrtScn F8 Home F9 PgUp F11 PgDn F10 F12 F7 Ins * ( Bi ac Tough Guy, Inc. identified the following selected transactions that occurred during the year ended December 31, 2018: (Click the icon to view the transactions.) 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.) Tough Guy, Inc. Statement of Cash Flows (Partial) -- * More Info b. Issued 5,000 shares of $4 par common stock for a building with a fair market value of $93,000 c. Purchased new truck with a fair market value of $35,000. Financed it 100% with a long-term note. d. Retired short-term notes of $20,000 by issuing 2,000 shares of $4 par common stock. e. Paid long-term note of $7,500 to Bank of Tallahassee. Issued new long-term note of $24,000 to Bank of Trust Print Done Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear All Check Answer DE End PgDn PrtScn F8 Home F9 PgUp F11 Ins F12 F10 F7 + 11 Backsp CO 8 9 0 Question Help Tough Guy, Inc. identified the following selected transactions that occurred during the year ended December 31, 2018: (Click the icon to view the transactions.) 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.) Tough Guy, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2018 Non-cash Investing and Financing Activities: Acquisition of Building by Issuing Common Stock Acquisition of Truck by Issuing Long-term Note Payable Cash Payment of Long-term Note Payable Cash Receipt 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. All parts showing Clear All Check Answer PrtScn Home F9 End Del PgUp F11 PgDn FT F8 F10 F12 Ins ** Backspace 8 9 0
