Mountain Water Corp. issued common stock of $28.000 to pay off long-term notes payable of $28.000. In
Fantastic news! We've Found the answer you've been seeking!
Question:
Mountain Water Corp. issued common stock of $28.000 to pay off long-term notes payable of $28.000. In what section(s) would these transactions be recorded?
a. Financing activities payment of note. $(28,000)
b. Financing activities cash receipt, $28.000
c. Non-cash investing and financing activities. 528.000
d. Both a and b are correct.
Related Book For
Discovering Advanced Algebra An Investigative Approach
ISBN: 978-1559539845
1st edition
Authors: Jerald Murdock, Ellen Kamischke, Eric Kamischke
Posted Date: