Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(A) Cash received from operating activities (B) Cash paid from operating activities (C) Cash received from investing activities (D) Cash-paid for investing activities (E)

image text in transcribed

(A) Cash received from operating activities (B) Cash paid from operating activities (C) Cash received from investing activities (D) Cash-paid for investing activities (E) Cash received from financing activities (F) Cash paid from financing activities (G) Non-cash investing or financing activity 1 _C_ 1. Sold services for $52,000 cash. _A__ 2. Collected $9,000 of accounts receivable. 3. Issued $100,000 par value common stock in exchange for cash. 4. Purchase available-for-sale-securities as a long-tem investment for $18,000 cash. 5. Paid $14,000 of accounts payable. 6. Declared and paid a cash dividend of $12,000. wwwwww 7. Sold a long-term investment in available-for-sale securities with a cost of $18,000 for $18,000 cash. 8. Issued $22,000 par value common stock in exchange for equipment. 9. Purchased a machine for $35,000 by giving a long-term note in exchange. 10. Paid salaries of $6,000.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial ACCT2

Authors: Norman H. Godwin, C. Wayne Alderman

2nd edition

9781285632544, 1111530769, 1285632540, 978-1111530761

More Books

Students also viewed these Accounting questions

Question

What are conversion costs? What are prime costs?

Answered: 1 week ago

Question

Which organizational structure should your letter employ?

Answered: 1 week ago