Indicate the effect, if any, that each separate transaction has on financing cash flows. a. Notes payable

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Indicate the effect, if any, that each separate transaction has on financing cash flows.

a. Notes payable with a carrying value of $15,000 are retired for $16,000 cash, resulting in a $1,000 gain.

b. Paid cash dividends of $11,000 to common stockholders.

c. Acquired $20,000 worth of machinery in exchange for common stock.

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Fundamental Accounting Principles

ISBN: 978-1259916960

24th edition

Authors: John J Wild, Ken Shaw

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Question Posted: Jul 10, 2019 07:29 AM

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Indicate the effect, if any, that each separate transaction has on financing cash flows. a. Notes payable

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a Decrease of 16000 The carrying value and gain do not affect financi...View the full answer

Fundamental Accounting Principles

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