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Below are a number of transactions that took place in Willie Corporation during the past year: Transaction Activity Cash Inflow / Outflow a. Common stock

Below are a number of transactions that took place in Willie Corporation during the past year:

Transaction Activity Cash Inflow / Outflow
a. Common stock was sold for cash.
b. Equipment was sold for cash.
c. A long-term loan was made to a subsidiary.
d. Interest was received on loan to subsidiary.
e. Interest Payable, a current liability, was reduced.
f. A stock dividend was declared and issued on common stock.
g. A building was acquired by issuing shares of common stock.
h. Accrued Income Taxes, a current liability account, was reduced.
i. Long-term investments were sold.
j. Cash dividends were declared and paid.
k. Preferred stock was sold for cash.
l. Bonds were retired.
m. Dividends were received on an investment.
n. Equipment was purchased by giving a long-term note to the seller.

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