Snowcross, Inc. identified the following selected transactions that occurred during the year ended December 31, 2018.
Identify any non-cash transactions that occurred during the year, and show how they would be reported in the non-cash investing and financing activities section of the statement of cash flows.
Homework Answers
| Non-cash Investing and Financing Activities | |
| Issue of common stock for building | $ 96,000 |
| Purchase of truck for long term note | $ 34,000 |
| Retiring of short term note by issue of shares | $ 20,000 |
| Total Non-cash Investing and Financing Activities | $ 1,50,000 |
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