Question

A company enters into the following transactions:
a. Issued $25,000 of common stock for cash.
b. Issued a long-term note in exchange for a machine worth $45,000.
c. Received $21,000 in cash from collecting accounts receivable.
d. Paid $7,500 on accounts payable.
e. Issued $50,000 of common stock to satisfy a $50,000 note payable.
f. Declared and paid a cash dividend of $78,000.
g. Sold an investment costing $10,000 for $10,000 in cash.
Required
Classify each transaction as a cash inflow or a cash outflow from operating activities, investing activities, or financing activities, or as a non-cash transaction.


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  • CreatedJuly 16, 2015
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