Question

Stenback Media Corporation had the following income statement and balance sheet for 2016:
Requirements
1. Compute the acquisition of plant assets for Stenback Media Corporation during 2016. The business sold no plant assets during the year. Assume the company paid cash for the acquisition of plant assets.
2. Compute the payment of a long-term note payable. During the year, the business issued a $4,600 note payable.


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  • CreatedJune 15, 2015
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