Here is selected financial statement data regarding a company's balance sheet. Dec. 31, 2018 Dec. 31, 2017
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Here is selected financial statement data regarding a company's balance sheet.
Dec. 31, 2018 | Dec. 31, 2017 | |
Assets | ||
Investments, long-term | $ 14,000,000 | $ 10,000,000 |
Liabilities and Stockholders' Equity | ||
Bonds payable | $ 10,000,000 | $ 4,000,000 |
... | ||
Common stock | 800,000 | 800,000 |
Paid-in capital in excess of par value | 120,000 | 120,000 |
Retained earnings | 1,800,000 | 1,470,000 |
Total stockholders' equity | 2,720,000 | 2,390,000 |
During the year, the company sold investments with an original cost of $2,000,000 for $2,400,000.
In the statement of cash flows, the significant non-cash activities section should show a significant non-cash activity for $ ______
Related Book For
Accounting Principles
ISBN: 978-1118875056
12th edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
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