Question
the following additional information was provided by Beta Corp for 2020. What would be the appropriate treatment for each of the following? i. purchase of
the following additional information was provided by Beta Corp for 2020. What would be the appropriate treatment for each of the following?
i. purchase of patent issuing a $25,000 5-year 5% note.
ii. Motor vehicle (cost $24,000 and accumulated depreciation $9,00 was sold.
iii. an addition to the building was completed at a cost of $30,000.
iv Bonds payable $50,000 were issued.
v current assets other than cash increased by $44,000.
vi a long term investment in shares was purchased for $220,000.
vii. cash dividends of $57,00 were declared and paid
Answer in terms of whether the items listed are cash outflow/inflow investing or financing
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