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QS 1 2 - 1 4 ( Static ) Computing financing cash flows LO P 3 Indicate the effect, if any, that each separate transaction

QS 12-14(Static) Computing financing cash flows LO P3Indicate the effect, if any, that each separate transaction has on financing cash flows.Note: Select "No Effect" if there is no effect.Long-term notes payable with a carrying value of $15,000 are retired for $16,000 cash, resulting in a $1,000 loss.Paid cash dividends of $11,000 to common stockholders.Acquired $20,000 worth of machinery in exchange for common stock.

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