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Classify transactions by type of activity. (SO2) E17-1 Quarshee Corporation had these transactions during 2012. (a) Issued $50,000 par value common stock for cash. (b)
Classify transactions by type of activity. (SO2) E17-1 Quarshee Corporation had these transactions during 2012. (a) Issued $50,000 par value common stock for cash. (b) Purchased a machine for $30,000, giving a long-term note in exchange. (c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000 (d) Declared and paid a cash dividend of $18,000. (e) Sold a long-term investment with a cost of $15,000 for $15,000 cash (1) Collected $16,000 of accounts receivable. (g) Paid $18,000 on accounts payable. Instructions Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or noncash investing and financing activities
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