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Please Help! Requirements 1. Compute the amount of Ryle Exercise's acquisition of plant assets. Assume the acquisition was for cash. Ryle Exercise disposed of plant
Please Help!
Requirements 1. Compute the amount of Ryle Exercise's acquisition of plant assets. Assume the acquisition was for cash. Ryle Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $43,500. No cash was received upon disposal. 2. Compute new borrowing or payment of long-term notes payable, with Ryle Exercise having only one long-term notes payable transaction during the year. 3. Compute the issuance of common stock with Ryle Exercise having only one common stock transaction during the year. 4. Compute the payment of cash dividends. Data table Data table Data table Step by Step Solution
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