From the following information,prepare a schedule of noncash investing and financing activities:
(a) Sale of a building with a book value of $ \$ 145,000 $ for $ \$ 195,000 $ and land with a book value of $ \$ 132,000 $ for $ \$ 65,000 $.
(b) Issuance of 5,000 shares in exchange for equipment with a fair value of $ \$ 110,000 $.
(c) Retirement of a $ \$ 140,000,10 \% $ bond by issuing another $ \$ 140,000,12 \% $ bond issue.
(d) Acquisition of land by issuing a 10 -year, $ 12 \% $ note payable for $ \$ 144,000 $.

Question

From the following information,prepare a schedule of noncash investing and financing activities:
 (a) Sale of a building with a book value of $ \$ 145,000 $ for $ \$ 195,000 $ and land with a book value of $ \$ 132,000 $ for $ \$ 65,000 $.
(b) Issuance of 5,000 shares in exchange for equipment with a fair value of $ \$ 110,000 $.
(c) Retirement of a $ \$ 140,000,10 \% $ bond by issuing another $ \$ 140,000,12 \% $ bond issue.
(d) Acquisition of land by issuing a 10 -year, $ 12 \% $ note payable for $ \$ 144,000 $.

Quizplus · Accepted Answer

The Answer of From the following information,prepare a schedule of noncash investing and financing activities:
 (a) Sale of a building with a book value of $ \$ 145,000 $ for $ \$ 195,000 $ and land with a book value of $ \$ 132,000 $ for $ \$ 65,000 $.
(b) Issuance of 5,000 shares in exchange for equipment with a fair value of $ \$ 110,000 $.
(c) Retirement of a $ \$ 140,000,10 \% $ bond by issuing another $ \$ 140,000,12 \% $ bond issue.
(d) Acquisition of land by issuing a 10 -year, $ 12 \% $ note payable for $ \$ 144,000 $.

From the Following Information,prepare a Schedule of Noncash Investing and Financing