BUS201-Financial Accounting Chapter 12 Class Exercises (J-Term) 1. An analysis of comparative balance sheets, the current year's income statement, and the general ledger accounts of Reggie's Corp. uncovered the following items. Assume all items involve cash unless there is information to the contrary (a) Payment of interest on notes payable. (g) Issuance of capital stock (b) Exchange of land for patent (c) Sale of building at book value. (d) Payment of dividends. (e) Conversion of bonds into common (h) Issuance of bonds for land 0) Purchase of land. 0) Receipt of dividends on stock. Receipt of interest on notes receivable investment in stock. (k) Retirement of bonds. (1) Instructions Indicate how each item should be classified in the statement of cash flows using these four major classifications: operating activity (indirect method), investing activity, financing activity, and significant noncash investing and financing activity 2. The information in the table is from the statement of cash flows for a company at four different points in time (A, B, C, and D). Negative values are presented in parentheses Point in Time $120,000 ($60.000) (100,000) 70,000 $30,000 Net cash provided by operating activities Cash provided by investing activities Cash provided by financing activities Net income ($10,000) (40,000) 120,000 25,00030,000 (90,000) (50,000) 10,000 100,000 (5.000)(18,000) Instructions For each point in time, state whether the company is most likely in the introductory choice phase, growth phase, maturity phase, or decline phase. In each case, explain your