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Skateboards, Inc. identified the following selected transactions that occurred during the year ended December 31, 2018 (Click the icon to view the transactions.) Identify any
Skateboards, Inc. identified the following selected transactions that occurred during the year ended December 31, 2018 (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) Skateboards, 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 - X a. Issued 950 shares of $2 par common stock for cash of $25.000 b. Issued 5,300 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 $31,000 Financed it 100% with a long-term note. d. Retired short-term notes of $23,000 by issuing 2,500 shares of S2 par common stock e. Paid long-term note of $8,500 to Bank of Tallahassee Issued new long-term note of $17,000 to Bank of Trust Skateboards, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2018 Non-cash Investing and Financing Activities Acquisition of Building by Issuing Common Stock Acquisition of Truck by Issuing Long-term Note Payable Cash Payment of Long-term Note Payable Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Long-term Note Payable Payment of Short-term Note Payable by Issuing Common Stock 1 More Info
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