Question
MNO Corporation needs to prepare a statement of cash flows for the year ended December 31, 20XX, using the indirect method. List and classify the
MNO Corporation needs to prepare a statement of cash flows for the year ended December 31, 20XX, using the indirect method. List and classify the following transactions under financing activities:
- Issuance of common stock: $100,000
- Payment of dividends: $50,000
- Issuance of long-term debt: $200,000
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
12th edition
132552620, 978-0132552622
