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Step 1: Step 2: Step 3: Ivanhoe Corporation issues 64000 shares of $50 par value preferred stock for cash at $65 per share. The entry
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Ivanhoe Corporation issues 64000 shares of $50 par value preferred stock for cash at $65 per share. The entry to record the transaction will consist of a debit to Cash for $4160000 and a credit or credits to Preferred Stock for $3200000 and Paid-in Capital in Excess of Par-Preferred Stock for $960000. Preferred Stock for $4160000. Preferred Stock for $3200000 and Retained Earnings for $960000. Paid-in Capital from Preferred Stock for $4160000. Tamarisk Lawn Service Company reported a net loss of $12300 for the year ended December 31, 2025 . During the year, accounts receivable decreased $25800, inventory increased $18200, accounts payable increased by $29700, and depreciation expense of $26200 was recorded. During 2025 , operating activities provided net cash of $74100 used net cash of $51200. used net cash of $11100. provided net cash of $51200. f $2850000 of bonds are issued during the year but $4560000 of previously issued bonds are retired during the year, the statement of cash flows will show a(n) increase in cash of $2850000 and a decrease in cash of $4560000. net loss on retirement of bonds of $1710000. net decrease in cash of $1710000. net increase in cash of $1710000Step by Step Solution
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