State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered
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Question:
State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows:
- Retired $280,000 of bonds, on which there was $2,800 of unamortized discount, for $291,000.
- Sold 12,000 shares of $10 par common stock for $23 per share.
- Sold equipment with a book value of $55,700 for $80,200.
- Purchased land for $335,000 cash.
- Purchased a building by paying $88,000 cash and issuing a $120,000 mortgage note payable.
- Sold a new issue of $180,000 of bonds at 99.
- Purchased 2,700 shares of $45 par common stock as treasury stock at $84 per share.
- Paid dividends of $1.90 per share. There were 34,000 shares issued and 5,000 shares of treasury stock.
Effect | Amount | |
a. | Cash payment | $ |
b. | Cash receipt | $ |
c. | Cash receipt | $ |
d. | Cash payment | $ |
e. | Cash payment | $ |
f. | Cash receipt | $ |
g. | Cash payment | $ |
h. | Cash payment |
show work please
Related Book For
Forensic And Investigative Accounting
ISBN: 9780808056300
10th Edition
Authors: G. Stevenson Smith D. Larry Crumbley, Edmund D. Fenton
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