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Help me out with these 2 parts I got wrong Carla Vista Corporation had the following transactions. 1. Sold land (cost $11,500) for $15,500. 2.
Help me out with these 2 parts I got wrong
Carla Vista Corporation had the following transactions. 1. Sold land (cost $11,500) for $15,500. 2. Issued common stock at par for $20,000. 3. Recorded depreciation on buildings for $16,500. 4. Paid salaries of $8,500. 5. Issued 1,400 shares of $1 par value common stock for equipment worth $11,200. 6. Sold equipment (cost $9,600, accumulated depreciation $6,720 ) for $1,152. For each transaction above, indicate how it would affect the statement of cash flows using the indirect method. (Select "Not Reported" if it is not reported on the statement of cash flows. Select "Not Applicable" if it does not belong to any section.) Cashreceipt Gain on disposal of plant assets Cash receipt Depreciation expense Salaries and wages expense Common stock for equipment Cashreceipt Loss on disposal of plant assets Investing Section Operating Section Financing Section Operating Section Not Applicable. Significant Noncash investing and Fif Investing Step by Step Solution
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