State the section(s) of the statement of cash flows (operating activities, investing activities, financing activities or not reported) and the amount that would be reported for each of the following transactions;(a) Received $145,000 from the sale of land costing $70,000.;(b) Purchased investments for $50,000.;(c) Declared $35,000 cash dividends on stock. $5,000 dividends were payable at the beginning of the year, and $6,000 were payable at the end of the year.;(d) Acquired equipment for $32,000 cash.;(e) Declared and issued 100 shares of $20 par common stock as a stock dividend, when the market price of;the stock was $32 a share.;(f) Recognized by an adjusting entry depreciation for the year, $48,000.;(g) Issued 85,000 shares of $10 par common stock for $25 a share, receiving cash.;(h) Issued $500,000 of 20-year, 10% bonds payable at 99.;(e) Borrowed $43,000 from Busey National Bank, issuing a 5-year, 8% note for that amount.
Paper#27259 | Written in 18-Jul-2015Price : $37