Question: 1. Transactions on Cash Flows State the effect ( individually, on cash flows: cash receipt or cash payment) and amount of each of the following
1. Transactions on Cash Flows State the effect ( individually, on cash flows: cash receipt or cash payment) and amount of each of the following transactions, considered Amount Effect Sold 10,000 shares of $5 par common stock for a. cash receipt/ cash payment $25 per share as treasury stock at $47 per share. shares issued and 4,000 shares of treasury stock. b. Purchased 4,000 shares of $20 par common stock cash receipt / cash payment c. Paid dividends of $2 per share. There were 24,000 d. Sold a new issue of $250,000 of bonds at 98. e. Retired $150,000 of bonds, on which there f. Purchased land for $275,000 cash. cash payment cash receipt/cash payment cash receipt cash payment cash receipt $1,500 of unamortized discount, for $170,000 /cash payment cash receipt . Purchased a building by paying $95,000 cash and cash receipt cash payment issuing a $100,000 mortgage note payable. Sold equipment with a book value of $48,700 for $68,750. h. cash receipt/ cash payment
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