Snowmobile, Inc. identified the following selected transactions that occurred during the year ended December :
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Identify any noncash transactions that occurred during the year, and show how they would be reported in the noncash investing and financing activities section of the statement of cash flows. If a box is not in the table, leave the box empty; do not select a label or enter a zero.
Snowmobile, Inc.
Statement of Cash Flows Partial
Year Ended December
Noncash Investing and Financing Activities:
Total Noncash Investing and Financing Activities
More info
a Issued shares of $ par common stock for cash of $
b Issued shares of $ par common stock for a building with a fair market value of $
c Purchased new truck with a fair market value of $ Financed it with a longterm note
d Retired shortterm notes of $ by issuing shares of $ par common stock
e Paid longterm note of $ to Bank of Tallahassee. Issued new longterm note of $ to Bank of Trust.
