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Wildhorse Corporation had the following transactions. 1. Sold land (cost $11,700) for $14,700. 2. Issued common stock at par for $20,000. 3. Recorded depreciation on
Wildhorse Corporation had the following transactions.
1. | Sold land (cost $11,700) for $14,700. | |
2. | Issued common stock at par for $20,000. | |
3. | Recorded depreciation on buildings for $16,700. | |
4. | Paid salaries of $8,700. | |
5. | Issued 1,200 shares of $1 par value common stock for equipment worth $9,600. | |
6. | Sold equipment (cost $10,000, accumulated depreciation $7,000) for $1,200 |
For each transaction above, (b) indicate how it would affect the statement of cash flows using the indirect method. (Do not leave any answer field blank. Enter 0 for amounts. Select "Not Reported" if it is not reported on the statement of cash flows. Select "Not Applicable" if it does not belong to any section.)
Please solve this part of the question. not the a part. Thanks :)
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