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Preferred stock issued in exchange for land would be reported in the statement of cash flows in?
It will be reported in a separate schedule. A preferred stock as a term means a unity of specific class of shares which have features opposite to those of the common stock. As a rule, preferred stock has preferences in dividend payment.
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Purchasing equipment by issuing a six-month note should be shown on the statement of cash flows under the investing activities section. In preparing the statement of cash flows, the correct order of reporting cash activities is Financing, Operating, Investing.
The declaration and issuance of a stock dividend would be reported on the statement of cash flows. If 800 shares of $40 par common stock are sold for $43,000, the $43,000 would be reported in the cash flows from financing activities section of the statement of cash flows.
If $475,000 of bonds payable are sold at 101, $475,000 would be reported in the cash flows from financing activities section of the statement of cash flows. Net income was $51,000 for the year.
Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows prepared by the indirect method is A building with a book value of $54,000 is sold for $63,000 cash. Using the indirect method, this transaction should be shown on the statement of cash flows as follows:
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Preferred stock issued in exchange for land would be reported in the statement of cash flows in?. (2018, Mar 07). Retrieved from https://phdessay.com/preferred-stock-issued-in-exchange-for-land-would-be-reported-in-the-statement-of-cash-flows-in/