1a.) A corporation issues 1,000 shares of common stock for $ 20,000. The stock has a par value of $5 per share. The journal entry to record the stock issuance would include a credit to Common Stock for:

	$1,000
	$5,000

	$20,000
	$15,000

1b.) Land costing $88,000 was sold for $50,000 cash. The loss on the sale was reported on the income statement as other expense. On the statement of cash flows, what amount should be reported as an investing activity from the sale of land?

	$38,000
	$138,000

	$88,000
	$50,000

1c. )The current period statement of cash flows includes the flowing:

Cash balance at the beginning of the period	$310,000
Cash provided by operating activities	185,000
Cash used in investing activities	43,000
Cash used in financing activities	97,000

The cash balance at the end of the period is

	$125,000
	$635,000

	$355,000
	$45,000

1d.) Which of the following types of transactions would be reported as a cash flow from investing activity on the statement of cash flows?

	issuance of bonds payable
	issuance of capital stock

	purchase of treasury stock
	purchase of noncurrent assets

1e.) A company purchases machinery for $5,000 cash. This transaction should be shown on the statement of cash flows under

	noncash investing and financing activities
	financing activities

	operating activities
	investing activities