Lent 30000 to dead end corporation receiving dead ends


Kirby Corporation had the following transactions.

1. Issued $160,000 of bonds payable.

2. Paid utilities expense.

3. Issued 500 shares of preferred stock for $45,000.

4. Sold land and a building for $250,000.

5. Lent $30,000 to Dead End Corporation, receiving Dead End's 1-year, 12% note. Classify each of these transactions by type of cash flow activity (operating, investing, or financing).

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Accounting Basics: Lent 30000 to dead end corporation receiving dead ends
Reference No:- TGS01528341

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