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motocross,inc. identified the following selected transactions tjat occured durning tje year ended december31st,2018 Motocross, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2018
motocross,inc. identified the following selected transactions tjat occured durning tje year ended december31st,2018
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 More info a. Issued 1000 shares of $2 par common stock for cash of $23,000. b. Issued 5,400 shares of $2 par common stock for a building with a fair market value of $99,000 c. Purchased new truck with a fair market value of $34,000. Financed it 100% with a long-term note: d. Retired short-term notes of $20,000 by issuing 2,200 shares of $2 par common stock. e. Paid long-term note of $11,000 to Bank of Tallahassee. Issued new long-term note of $24,000 to Bank of Trust Step by Step Solution
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