Question: PLEASE HELP Indicate the effect, if any, that each separate transaction has on financing cash flows. (Select No Effect if there is no effect.) a.
PLEASE HELP
Indicate the effect, if any, that each separate transaction has on financing cash flows. (Select "No Effect" if there is no effect.) a. Long-term notes payable with a carrying value of $18,800 are retired for $21,700 cash, resulting in a $2,900 loss. b. Paid cash dividends of $14,800 to common stockholders. C. Acquired $23,800 worth of machinery in exchange for common stock. Items Amount Effect on financing cash flows a. Long-term notes payable b. Dividends c. Machinery
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