Prepare schedule of significant noncash investing

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Reference no: EM13906987

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 $300,000 for $225,000 cash and sold land with a book value of $40,000 for $65,000 cash.

(b) Issued 15,000 shares of $10 par value common stock in exchange for equipment with a market value of $175,000.

(d) Acquired land by issuing a twenty-year, 5%, $73,000 note payable.

Reference no: EM13906987

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