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  1. business
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  3. indicate the effect, if any, that each separate tr

Indicate the effect, if any, that each separate transaction has on financing cash flows. ...

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Accounting

Indicate the effect, if any, that each separate transaction has on financing cash flows.
Note: Select "No Effect" if there is no effect.
a. Long-term notes payable with a carrying value of $16,000 are retired for $17,500 cash, resulting in a $1,500 loss.
b. Paid cash dividends of $12,000 to common stockholders.
c. Acquired $21,000 worth of machinery in exchange for common stock.
\table[[Items,Amount,\table[[Effect on financing],[cash flows]]],[a. Long-term notes payable,,],[b. Dividends,,],[c. Machinery,,]]
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