E16-25

E16-25 (similar to) Question Help Motocross, 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 emply do not select a label or enter a zero.) Motocross, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2018 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear All Check Answer A More Info a. Issued 850 shares of $3 par common stock for cash of $21,000. b. Issued 5,200 shares of $3 par common stock for a building with a fair market value of $94,000. 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 2.200 shares of $3 par common stock e. Paid long-term note of $9,000 to Bank of Tallahassee. Issued new long-term note of $17,000 to Bank of Trust. Print Done