Question

Wellstone Company had the following items in its statement of cash flows or its schedule of noncash investing and financing activities.
Note payable issued for acquisition of fixed assets ....... $144,000
Retirement of long-term debt ............... 565,000
Common stock issued on conversion of preferred shares ..... 340,000
Purchases of marketable securities ............. 225,000
Mortgage assumed on acquisition of warehouse ....... 530,000
Increase in accounts payable ................ 47,000
Prepare a schedule of noncash investing and financing activities, selecting appropriate items from the preceding list.



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  • CreatedFebruary 20, 2015
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