Calculate noncash disclosure ? Range Company has the following selected data from its annual period ended December

   Calculate noncash disclosure ?

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Range Company has the following selected data from its annual period ended December 31. Selected Data Paid cash dividend Purchase of equipment for cash Increase in merchandise Inventory Borrowed cash on a long-term note Acquired land as a future company site; paid in full by issuing 6,000 shares of Range capital stock $10 par, when the market price per share was $15 Increase in prepaid expenses Decrease in accounts receivable Payment of bonds payable in full Increase in accounts payable Cash from disposal of equipment (sold at book value) Decrease in rent receivable Income Statement For the Year Ended December 31 Sales revenue Rent revenue Cost of goods sold Deprecation expense Remaining expenses Net Income $800,000 20,000 380,000 40,000 194,000 $206,000 Amount $20,000 120,000 28,000 50,000 6,000 14,000 194,000 10,000 24,000 4,000 Range Company has the following selected data from its annual period ended December 31. Selected Data Paid cash dividend Purchase of equipment for cash Increase in merchandise Inventory Borrowed cash on a long-term note Acquired land as a future company site; paid in full by issuing 6,000 shares of Range capital stock $10 par, when the market price per share was $15 Increase in prepaid expenses Decrease in accounts receivable Payment of bonds payable in full Increase in accounts payable Cash from disposal of equipment (sold at book value) Decrease in rent receivable Income Statement For the Year Ended December 31 Sales revenue Rent revenue Cost of goods sold Deprecation expense Remaining expenses Net Income $800,000 20,000 380,000 40,000 194,000 $206,000 Amount $20,000 120,000 28,000 50,000 6,000 14,000 194,000 10,000 24,000 4,000

Answer rating: 100% (QA)

Answer Non Cash Disclosure 90000 Range Company Statement of Cash Flows For the Year Ended 31 Decembe... View the full answer