Analyze each of the four transactions Ernies Electronics had with Berts Bargain House from the perspective of Bert's Bargain House. Required: Select the section of the statement of cash flows in which each of these items would be reported for Bert's Bargain House: operating activities (indirect method), investing activities, financing activities, or a separate noncash activities note.

IMPORTANT NOTE: This question has been answered incorrectly on Chegg a lot so please don't use input from other answers for this question, thank you :). The activities that can be recorded are: investing, investing-financing, investing-operating, noncash, and operating.

Analyze each of the four transactions Ernie's Electronics had with Bert's Bargain House from the perspective of Bert's Bargain House. Required: Select the section of the statement of cash flows in which each of these items would be reported for Bert's Bargain House: operating activities (indirect method), investing activities, financing activities, or a separate noncash activities note. Activities 1. 2. Transactions Ernie sold Bert land, originally purchased for $180,000, at a sales price of $195,000, resulting in a gain on sale of land of $15,000. Ernie borrowed $100,000 from Bert, signing a three-year note payable. Ernie purchased $1 million in common stock in Bert's Bargain House through a private placement. Ernie received a dividend of $40,000 from the common stock investment in Bert's Bargain House. 3. 4