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The Garish Events Company purchased Fixed Assets from Three Ring Circus, Inc. in exchange for 45,000 shares of Garish Common Stock. The market value of

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The Garish Events Company purchased Fixed Assets from Three Ring Circus, Inc. in exchange for 45,000 shares of Garish Common Stock. The market value of the stock is $10 per share; par value is $5 per share. Garish should report this transaction in its Statement of Cash Flows as: a $450,000 in the Investing Activities section. in the the Schedule of Non-Cash Investing & Financing Activities section a $225,000 in the Investing Activities section. none of the answers provided is correct

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