During the last two years of operations, Barnes Company had the following transactions a Purchased a new plant for $5,000,000 b Issued bonds with a six year maturity date for $2,000,0000 c Reported profits of $7,000,000 for the most recent year d Sold equipment for $500,000 e Paid cash dividends of...

a Investing x use of cash b Financing x source of c ...

During the last two years of operations, Barnes Company had the following transactions: a. Purchased a new

Question:

During the last two years of operations, Barnes Company had the following transactions:
a. Purchased a new plant for $5,000,000.
b. Issued bonds with a six-year date for $2,000,0000.
c. Reported profits of $7,000,000 for the most recent year.
d. Sold equipment for $500,000.
e. Paid cash dividends of $2,000,000.
f. Sold a 30 percent interest in a company.
g. Retired a long-term note payable.
h. Reported a loss for the year ($500,000).
i. Issued for $1,000,000.

Required:
Classify each of these transactions as an operating activity, an investing activity, or a financing activity. Also, indicate whether the activity is a source of cash or a use of cash.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Maturity
Maturity is the date on which the life of a transaction or financial instrument ends, after which it must either be renewed, or it will cease to exist. The term is commonly used for deposits, foreign exchange spot, and forward transactions, interest...