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2/6 Current Attempt in Progress Eng Corporation, a private corporation reporting under ASPE, had the following transactions: Complete the table below for each of the
2/6
Current Attempt in Progress Eng Corporation, a private corporation reporting under ASPE, had the following transactions: Complete the table below for each of the following requirements. The first one has been done for you as an example. (Show amounts that decrease cash flow with eitler a-sign e.g. 15,000 or in parenthesis es. (15,000). Do not leave any answer field blank. Enter 0 for amounts.) (a) Classify each transaction as an operating activity, investing activity, financing activity, or noncash transaction. (b) Specify whether the transaction represents a cash inflow, cash outflow, or has no effect on cash, and in what amount. If there is no effect on cash, put 0 under the (b) column. Question 2 of 6 220Lab7 Question 2 of 6 5. Paida $25,000 cash dividend. 6. Sold a long-term equity investment with a carrying value of $15,000 for $10,000 7. Sold $200,000 worth of bonds at par. 8. Paid $18,000 on accounts payable. 9. Purchased inventory for $28.000 on account. 10. Purchased a long term investment in bonds for $100,000. 11. Sold equipment with a carrying amount of $16,000 for $13.000, 12. Paid 512000 interest on long-term notes payable Step by Step Solution
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