motocross,inc. identified the following selected transactions tjat occured durning tje year ended december31st,2018 ...
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motocross,inc. identified the following selected transactions tjat occured durning tje year ended december31st,2018
Motocross, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2018 Non-cash Investing and Financing Activities. Total Non-cash Investing and Financing Activities More info a. Issued 1000 shares of $2 par common stock for cash of $23,000. b. Issued 5,400 shares of $2 par common stock for a building with a fair market value of $99,000 c. Purchased new truck with a fair market value of $34,000. Financed it 100% with a long-term note: d. Retired short-term notes of $20,000 by issuing 2,200 shares of $2 par common stock. e. Paid long-term note of $11,000 to Bank of Tallahassee. Issued new long-term note of $24,000 to Bank of Trust
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