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Hi. I'm requesting your help. This course-related is in Managerial Accounting. I don't understand how to do this. I'm hoping you can be able to explain.

Identify any non-cash transactions that occurred during the year, and show how they would be reported in the non-cash investing and financing activities section of the statement of cash flows.

Thank you,

Michelle

label or enter a zeu. Motor Sports, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2018 Non-cash Investing and Financing Activities: Acquisition of Building by Issuing Common Stock Aoquisition of Truck by Issuing Long-term Note Payable Cash Payment of Long-term Note Payable Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Long-term Note Payable Payment of Short-term Note Payable by Issuing Common Stock Motor Sports, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2018 Non-cash Investing and Financing Activities: ID Total Non-cash Investing and Financing Activities 1 More Info a. Issued 850 shares of 57 par common stock for cash of $27,000. b. Issued 4,900 shares of $7 par common stock for a building with a fair market value of $101,000. Purchased new truck with a fair market value of S31.000. Financed it 100% with a long-term note. d. Retired short-term notes of $23.000 by issuing 2,300 shares of $7 par common stock. e. Paid long-term note of $7.500 to Bank of Talilahassee. Issued new long-term note of $25,000 to Bank of Trust. Print Done

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