1. Lansbury Inc. sold part of its debt investment portfolio for $15,000. This transaction resulted...
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Lansbury Inc. sold part of its debt investment portfolio for $ This transaction resulted in a gain of $ for the firm. The company classifies its investments as availableforsale. A tract of land was purchased for $ cash. Longterm notes payable in the amount of $ were retired before maturity by paying $ cash. An additional $ in common stock was issued at par. Dividends of $ were declared and paid to stockholders. Net income for was $ after allowing for depreciation of $ Land was purchased through the issuance of $ in bonds. At December Cash was $ Accounts Receivable was $ and Accounts Payable remained at $
Lansbury Inc. sold part of its debt investment portfolio for $ This transaction resulted in a gain of $ for the firm. The company classifies its investments as availableforsale.
A tract of land was purchased for $ cash.
Longterm notes payable in the amount of $ were retired before maturity by paying $ cash.
An additional $ in common stock was issued at par.
Dividends of $ were declared and paid to stockholders.
Net income for was $ after allowing for depreciation of $
Land was purchased through the issuance of $ in bonds.
At December Cash was $ Accounts Receivable was $ and Accounts Payable remained at $
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