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Author Question: Michael's Industries purchased some land in exchange for 1,000 shares of Michael's voting common ... (Read 63 times)

cyc028

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on: Feb 5, 2023
Michael's Industries purchased some land in exchange for 1,000 shares of Michael's voting common stock with a market value of $15 each. 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 financing in the financing section
◦ As a non-cash financing transaction
◦ As a non-cash investing transaction
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by cyc028 on Feb 5, 2023

senorfranco

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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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cyc028

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

nathang24

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Reply 3 on: Yesterday
Excellent

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