On April 10, a company acquired land in exchange for 1,000 shares of $20 par...
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Accounting
On April 10, a company acquired land in exchange for 1,000 shares of $20 par common stock with a current market price of $74. Journalize this transaction. If an amount box does not require an entry, leave it blank. Apr. 10 Which of the following increases cash? Oa. acquisition of treasury stock Ob. borrowing money by issuing a six-month note Oc, the declaration of a cash dividend Od. depreciation expense An acceleration in the collection of receivables will tend to cause the accounts receivable turnover to a. decrease Ob either increase or decrease Oc increase d. remain the same Cash receipts received from the issuance of a mortgage notes payable would be classified as a(n) Oa, financing activity Ob. investing activity Oc. operating activity Od. noncash investing and financing activity
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