3/1 Question 8 Peter Corporation reported the following transactions for 2013 L 2. 3 4 S 7. 8 9. 10 Sold equipment for a loss of $2,000. The original cost won $15.000 the book value is $6,000 ed 2.000 shares of $5 par value common stock for $12 per share Paid $3,000 for an Insurance policy which goes into effect in February 2014 The Prepaid Insurance account balance was $5.000 on 1/1/13 and $3.500 on 12/31/13 Reported Net Income of $12,000 on the Income Statement dated 12/31/13 Reacquired 300 shares of its own $5 par common stock at $20 per share Recorded depreciation expense for $5.000 Paid $3,000 of dividends to common stockholders Acquired a building with a market value of $250.000 by using 20,000 shares of common stock Paid salanes of $18.000 Repold a loan, which included $5,000 of the principal and $1000 in interest The net cash flow from operating activities i exc 1 $34,000 STEMS 17000 00000 1 . R MacBook Air b k N M # 3 $ 4 5 6 7 8 19 0 Y F "L E P P to P S D 5 " 15 X L C V M 0 A Z 3 LI C H H .K Incorrect Carver Question 9 Peter Corporation reported the following transactions for 2013: Sold equipment for a loss of $2,000. The original cost was $15,000: the book value is $6,000 1 2 Issued 2,000 shares of $5 par value common stock for $12 per share 3 4. 5. 6. 7. 9. 10. Paid $3,000 for an Insurance policy which goes into effect in February 2014. The Prepaid Insurance account balance was $5,000 on 1/1/13 and $3,500 on 12/31/13 Reported Net Income of $12,000 on the Income Statement dated 12/31/13 Reacquired 300 shares of its own $5 par common stock at $20 per share Recorded depreciation expense for $5,000 Paid $3,000 of dividends to common stockholders Acquired a building with a market value of $250.000 by issuing 20.000 shares of common stock. Paid salaries of $18,000 Repaid a loan, which included $5,000 of the principal and $1,000 in interest esc The net cash flow from Financing activities is: 7000 $7,000 " ! 1 $100 $10,000 R " 2 " 0/1pts MacBook Air 8 # 3 $ 4 6 & 7 8 9 Y Y B E R 0 2 K M D LL F G 5 L C V T B D Ex C Q A Z 3 W S 15 < < X 3 " a Question 10 Peter Corporation reported the following transactions for 2013 1 Sold equipment for a loss of $2,000. The original cost was $15,000, the book value is $6,000 2. Issued 2.000 shares of $5 par value common stock for $12 per share 3 4 5. 7 B 9. 10. Paid $3,000 for an insurance policy which goes into effect in February 2014. The Prepaid Insurance account balance was $5,000 on 1/1/13 and $3,500 on 12/31/13 Reported Net Income of $12.000 on the Income Statement dated 12/31/13 Reacquired 300 shares of its own $5 par common stock at $20 per share Recorded depreciation expense for $5,000 Paid $3,000 of dividends to common stockholders Acquired a building with a market value of $250,000 by issuing 20,000 shares of common stock Paid salaries of $18.000 Repaid a loan, which included $5,000 of the principal and $1,000 in interest The net cash flow from Investing activities is -$17.000 $12,000 $3,000 $7.000 MacBook Air SC " ** 860 P3 till bb 16 41 DX 1 Q A 3 S D 5 2 # 3 $ 4 % 5 6 & 7 8 9 10 JL M E R LL G H K 7 0 P 2