Question: indicate the effect, if any, that each separate transaction has on financing cash flows. (Select No Effect if there is no effect.) Long-term notes payable

indicate the effect, if any, that each separate transaction has on financing cash flows. (Select "No Effect" if there is no effect.)

  1. Long-term notes payable with a carrying value of $16,800 are retired for $18,700 cash, resulting in a $1,900 loss.
  2. Paid cash dividends of $12,800 to common stockholders.
  3. Acquired $21,800 worth of machinery in exchange for common stock.

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