Consider the following transactions: (a) Purchased equipment for $130,000 cash (b) Issued $14 par preferred stock for
Question:
(a) Purchased equipment for $130,000 cash
(b) Issued $14 par preferred stock for cash
(c) Cash received from sales to customers of $35,000.
(d) Cash paid to vendors, $17,000.
(e) Sold building for $19,000 gain for cash.
(f) Purchased common treasury shares for $28,000
(g) Paid a notes payable with 1,250 of the company’s common shares
Requirement
1. Identify the category of the statement of cash flows in which each transaction would be reported.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
Question Posted:
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