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please answer all requirements with clear notes so i am able to understand please answer all requirements with clear notes so i am able to
please answer all requirements with clear notes so i am able to understand
please answer all requirements with clear notes so i am able to understand
Snowcross, Inc. identified the following selected transactions that occurred during the year ended December 31, 2024: A (Click the icon to view the transactions.) Identify any non-cash transactions that occurred during the year, and show how they would be reported in the non-cash investing and financing activities section of the statement of cash flows. (If a box is not used in the table, leave the box empty, do not select a label or enter a zero.) Snowcross, Inc. Statement of Cash Flows (Partial) More Info Year Ended December 31, 2024 Non-cash Investing and Financing Activities: a. Issued 950 shares of $6 par common stock for cash of $19,000. b. Issued 5,000 shares of $6 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 $24,000 by issuing 2,100 shares of $6 par common stock. e. Paid long-term note of $10,000 to Bank of Tallahassee. Issued new long-term note of $19,000 to Bank of Trust. Print Done Total Non-cash Investing and Financing ActivitiesStep by Step Solution
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