E14-25 (similar to) Snowcross, Inc. identified the following selected transactio

Question

E14-25 (similar to) Snowcross, Inc. identified the following selected transactions that occurred during the year ended Dece (Click the icon to view the transactions.) Identify any non-cash transactions that occurred during the year, and show how they would be reported i the table, leave the box empty, do not select a label or enter a zero.) Snowcross, Inc. Statement of Cash Flows (Partial) Year Ended December 31, 2018 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Choose from any list or enter any numiber in the input fields and then click Check Answer All parts showing Clear A

Explanation / Answer

Dear Student Thank you for using Chegg Please find below the answer Snowcross Inc Statement of cash flows (Partial) Year ended December 31,2018 Paticulars Amount Non Cash investing nd financing activities :   Issued 5,400 shares of $6 par value common stock for a building with a fair market value of $103,000       103,000.00 Purchased new truck with a fair market value of $28,000         28,000.00 Retired short term notes of $26000by issuing2400 shares of $6 par common stock         26,000.00 Total non cash investing and financing activities       157,000.00

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