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

question 130

Essay

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 $\$ 144,000$ .

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Definitions:

Bazerman

Max H. Bazerman is a professor known for his work in the field of negotiation, decision making, and ethics.

Arbitration

A method of dispute resolution where an impartial third party makes a decision that is binding on all involved parties.

Mediation

Mediation is a conflict resolution process where a neutral third party (the mediator) facilitates dialogue between disputing parties to help them reach a mutually acceptable agreement.

Resistance Points

The positions beyond which a negotiator is unwilling or unable to go in a negotiation; the limit of compromise.