cash flow statement, Accounting Basics

Calculate, CPA, is compiling a cash flow statement for his client, Happy Hal Printing. Over the course of the year Happy Hal acquired new equipment by putting down half of the purchase price in cash and issuing Happy Hal Printing stock in exchange for the other half. How should Calculate correctly account for this transaction on the cash flow statement?

Posted Date: 3/14/2013 6:31:25 AM | Location : United States

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