E13-1 Laurent Company entered into this transaction during 2014. (a) Issued CHF 50,000 worth of ordinary shares
Question:
E13-1 Laurent Company entered into this transaction during 2014.
(a) Issued CHF 50,000 worth of ordinary shares for cash.
(b) Purchased a machine for CHF30,000, providing a long-term note in exchange.
(c) Issued ordinary shares of CHF 200,000 on the conversion of the value of the double bond of CHF200,000.
(d) Declare and pay a cash dividend of CHF 18,000.
(e) Sell the long-term investment at a cost of CHF15,000 for cash of CHF15,000.
(f) Collect CHF16,000 from accounts receivable.
(g) Paid CHF 18,000 on accounts payable.
Analyze transactions and show whether each transaction generates cash flow from operating activities, investing activities, financing activities, or non-cash investing and funding activities.
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso