Use the Following Company Information to Prepare a Schedule of Significant

question 151

Essay

Use the following company information to prepare a schedule of significant noncash investing and financing activities:
(a) Sold a building with a book value of $125,000 for $195,000 cash and land with a book value of $32,000 for $65,000 cash.
(b) Issued 10,000 shares of $10 par value common stock in exchange for equipment with a market value of $135,000.
(c) Retired a $100,000,10% bond by issuing another $100,000,12% bond issue.
(d) Acquired land by issuing a 10-year,9%,$44,000 note payable.

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Definitions:

Frustrated

The feeling of being upset or annoyed as a result of being unable to change or achieve something.

Valued

Considered to be important, beneficial, or of significant worth to an individual or group.

Counterproductive Work Behaviors

Conduct by staff members that negatively impacts the organization's health or that of its associates.

Showing Up Late

The act of arriving after the expected or scheduled time for an event or appointment.