Question: State the effect cash receipt or payment and amount of 119789

State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows:
a. Sold 5,000 shares of $30 par common stock for $45 per share.
b. Sold equipment with a book value of $42,500 for $41,000.
c. Purchased land for $120,000 cash.
d. Purchased 5,000 shares of $30 par common stock as treasury stock at $50 per share.
e. Sold a new issue of $100,000 of bonds at 101.
f. Paid dividends of $1.50 per share. There were 30,000 shares issued and 5,000 shares of treasury stock.
g. Retired $500,000 of bonds, on which there was $2,500 of unamortized discount, for $501,000.
h. Purchased a building by paying $30,000 cash and issuing a $90,000 mortgage note payable.



$1.99
Sales0
Views177
Comments
  • CreatedMay 29, 2012
  • Files Included
Post your question
5000