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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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