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HU UP ILUU 260) The purchase of equipment financed by a Long-Term Notes Payable is an example of: A) investing activity. B) financing activity C)
HU UP ILUU 260) The purchase of equipment financed by a Long-Term Notes Payable is an example of: A) investing activity. B) financing activity C) operating activity D) non-cash investing and financing activity. 27) Which of the following would be included in the entry to record the issuance of 5,000 shares of $10 par value common stock at $13 per share cash? A) Cash would be debited for $65,000. B) Common Stock would be debited for $50,000. C) Paid-In Capital in Excess of Par-Common would be debited for $15,000. D) Common Stock would be credited for $65,000
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