17 - Financing Activities Affect long-term liabilities...

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Proceeds from Sales of Plant Assets Compare book value of assets sold to gain or loss Gain or loss located on income statement Computing Purchases and Sales of Investments Investments, beginning balance + Purchases - Cost of investments sold = Investments, ending balance Computing Loans Made and Collections on Notes Notes receivable, beginning balance + Loans made - Collections = Notes receivable, ending balance
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Unformatted text preview: Financing Activities Affect long-term liabilities & equity: Long-term Debt Notes payable Bonds payable Common stock and Paid-in Capital Retained earnings Computing Issuance and Payments of Long-Term Debt Long-term debt, beginning balance + Issuance of new debt-Payments of debt = Long-term debt, ending balance...
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This note was uploaded on 06/14/2011 for the course ACCOUNTING 23020 taught by Professor Na during the Spring '11 term at Kent State.

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