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Manal Elkhoshkhany
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If common stock was issued to acquire an $8,000 machine, how

Customer Question

If common stock was issued to acquire an $8,000 machine, how would the transaction appear on the statement of cash flows?
Submitted: 6 years ago.
Category: Finance
Expert:  Manal Elkhoshkhany replied 6 years ago.

Hello and welcome to Just Answer

 

It would appear as a footnote to the Statement of Cash Flows. Something like:

 

* An equipment was purchased for $8,000 by issuing common stock

 

Regards,