Question 2 of 6 > ./20 E View Policies Current Attempt in Progress Eng Corporation, a...
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Question 2 of 6 > ./20 E View Policies Current Attempt in Progress Eng Corporation, a private corporation reporting under ASPE had the following transactions: Complete the table below for each of the following requirements. The first one has been done for you as an example. (Show amounts that decrease cash flow with either a sign e-15,000 or in parenthesis ea (15,000). Do not leave any answer field blank. Enter O for amounts) (a) Classify each transaction as an operating activity, investing activity, financing activity, or noncash transaction (b) Specify whether the transaction represents a cash inflow cash outflow or has no effect on cash, and in what amount. If There is no effect on cash, put O under the (bl column Transactions (2) Classification (b) Cash Inflow or Outflow 2 Sold inventory for $1,000 cash Operating $1,000 200 Purchased a machine for $30.000. Made a $5,000 down payment 2 Issued a long-term note for the remainder 00 SUP Question 2 of 6 FUN > Issued common shares for $50.000 4 Collected $16.000 of accounts receivable. 5. Paid a $25.000 cash dividend 6. Sold a long-term equity investment with a cagging value of $15,000 for $10,000 /20 3 7 Sold $200 000 worth of bonds at par A Paid $18.000 on accounts payable 9 Purned inventory for $28.000 on account 10 Purchased a long-term investment in bands for $100.000 11 Sold equipment with a carrying amount of $16.000 for $13.000. SUPPORT 12 Paid $12.000 interest on jong-term notes payable Question 2 of 6 > ./20 E View Policies Current Attempt in Progress Eng Corporation, a private corporation reporting under ASPE had the following transactions: Complete the table below for each of the following requirements. The first one has been done for you as an example. (Show amounts that decrease cash flow with either a sign e-15,000 or in parenthesis ea (15,000). Do not leave any answer field blank. Enter O for amounts) (a) Classify each transaction as an operating activity, investing activity, financing activity, or noncash transaction (b) Specify whether the transaction represents a cash inflow cash outflow or has no effect on cash, and in what amount. If There is no effect on cash, put O under the (bl column Transactions (2) Classification (b) Cash Inflow or Outflow 2 Sold inventory for $1,000 cash Operating $1,000 200 Purchased a machine for $30.000. Made a $5,000 down payment 2 Issued a long-term note for the remainder 00 SUP Question 2 of 6 FUN > Issued common shares for $50.000 4 Collected $16.000 of accounts receivable. 5. Paid a $25.000 cash dividend 6. Sold a long-term equity investment with a cagging value of $15,000 for $10,000 /20 3 7 Sold $200 000 worth of bonds at par A Paid $18.000 on accounts payable 9 Purned inventory for $28.000 on account 10 Purchased a long-term investment in bands for $100.000 11 Sold equipment with a carrying amount of $16.000 for $13.000. SUPPORT 12 Paid $12.000 interest on jong-term notes payable
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