The following occurred during the year. Assuming that the company uses the direct method of reporting cash
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Note Describing Non-Cash Investing Not Reported on Statement or in Footnote Statement of Cash Flows Operating Investing Flnancing and Financing Activities Activitles Activitles Actlvitles a. Long-term bonds payable were retired b. Surplus merchandise inventory was c. Borrowed cash from the bank by by issuing common shares sold for cash.... signing a nine-month note payable... e. A six-month note receivable was accepted in exchange for a building that had been used in operations. plant and equipment.. in a previous period was paid in the f. Recorded depreciation expense on al g. A cash dividend that was declared
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Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
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