=+EX 16-1 Cash flows from operating activities—

net loss obj. 1 State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows:

a. Sold a new issue of $200,000 of bonds at 99.

b. Purchased 4,000 shares of $35 par common stock as treasury stock at $70 per share.

c. Sold 10,000 shares of $20 par common stock for $50 per share.

d. Purchased a building by paying $60,000 cash and issuing a $100,000 mortgage note payable.v