DO IT! 13.1 (LO 1), C Moss Corporation had the following transactions. Issued $160,000 of...
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DO IT! 13.1 (LO 1), C Moss Corporation had the following transactions. Issued $160,000 of bonds payable. Paid utilities expense. Issued 500 shares of preferred stock for $45,000. Sold land and a building for $250,000. Loaned $30,000 to Dead End Corporation, receiving Dead Ends 1-year, 12% note. Classify each of these transactions by type of cash flow activity (operating, investing, or financing). (Hint: Refer to Illustration 13.1.) Calculate net cash from operating activities.
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