And of $500,000 was obtained by issuing a note payable to the seller. buildings of $800,000 and equipment of $22,000 were purchased using cash. monthly payments during the year reduced notes payable by $6,117. issued common stock for $1,000,000. purchased 10,000 shares of treasury stock for $15 per share. sold 4,000 shares of treasury stock at $16 per share. declared and paid a cash dividend of $11,400.

answer; /// i believe that the correct answer is (covenant;

answer(b) equal; set period;

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.