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Author Question: Myers Real Estate Company exchanged an acre of land in exchange for five hundred shares of stock in ... (Read 14 times)

nanna

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on: Feb 5, 2023
Myers Real Estate Company exchanged an acre of land in exchange for five hundred shares of stock in the Midland Corporation. The land is worth $22,000 and the stock is worth $40 per share. How will this transaction be reported on the statement of cash flows?
◦ As a non-cash investing and financing transaction
◦ As a use of cash in the investing section and a source of cash in the financing section
◦ As a source of cash in the investing section, a use of cash in the financing section, and an adjustment to net income in the operating section for the loss
◦ As a source of cash in the investing section and a use of cash in the financing section
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by nanna on Feb 5, 2023

rika06@comcast.net

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nanna

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Reply 2 on: Feb 5, 2023
Thanks for the timely response, appreciate it

kswal303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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