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Snowcross, Inc. identified the following selected transactions that occurred during the year ended December 31, 2018. Identify any non-cash transactions that occurred during the year,
Snowcross, Inc. identified the following selected transactions that occurred during the year ended December 31, 2018.
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.
Snowcross, 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.) Snowcross, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2018 Non-cash Investing and Financing Activities Total Non-cash Investing and Financing Activities a. Issued 1050 shares of $6 par common stock for cash of $23,000 b. Issued 5,000 shares of $6 par common stock for a building with a fai market value of $96,000 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 $20,000 by issuing 2,100 shares of $6 par common stock. e. Paid long-term note of $7,500 to Bank of Tallahassee. Issued new long-term note of $24,000 to Bank of TrustStep by Step Solution
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