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Carla Vista Corporation had the following transactions. 1. Sold land (cost $11,500) for $15,500. 2. Issued common stock at par for $20,000. 3. Recorded depreciation
Carla Vista Corporation had the following transactions. 1. Sold land (cost $11,500) for $15,500. 2. Issued common stock at par for $20,000. 3. Recorded depreciation on buildings for $16,500. 4. Paid salaries of $8,500. 5. Issued 1,400 shares of $1 par value common stock for equipment worth $11,200. 6. Sold equipment (cost $9,600, accumulated depreciation $6,720 ) for $1,152. For each transaction above, indicate how it would affect the statement of cash flows using the indirect method. (Do not leave any answer field blank. If a transaction does not affect the cash flow, please enter O for the amount, "Not reported" and "Not Applicable" for the section.) Current Attempt in Progress Carla Vista Corporation had the following transactions. 1. Sold land (cost $11,500 ) for $15,500. 2. Issued common stock at par for $20,000. 3. Recorded depreciation on buildings for $16,500. 4. Paid salaries of $8,500. 5. Issued 1,400 shares of $1 par value common stock for equipment worth $11,200. 6. Sold equipment (cost $9,600, accumulated depreciation $6,720 ) for $1,152. For each transaction above, indicate how it would affect the statement of cash flows using the indirect method. (Do not leave any answer field blank. If a transaction does not affect the cash flow, please enter O for the amount, "Not reported" and "Not Applicable" for the section.)
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