acc 560

Project Description:

quarshee corporation had these transactions during 2014.

analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or noncash investing and financing activities.

(a) issued $50,000 par value common stock for cash.

(b) purchased a machine for $30,000, giving a long-term note in exchange.

(c) issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.

(d) declared and paid a cash dividend of $18,000.

(e) sold a long-term investment with a cost of $15,000 for $15,000 cash.

(f) collected $16,000 of accounts receivable.

(g) paid $18,000 on accounts payable.
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