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Noncash Activities Lime Corporation participated in a simultaneous investing and financing transaction where it acquired a building costing $50,000 by issuing common stock. Show how
Noncash Activities
Lime Corporation participated in a simultaneous investing and financing transaction where it acquired a building costing $50,000 by issuing common stock.
Show how Lime would report this transaction in regard to its statement of cash flows. Use the minus sign to indicate cash outflows, a decrease in cash or cash payments.
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