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Cushenberry Corporation had the following transactions. 1. 2. 3. 4. 5. 6. Sold land (cost $12,000) for $15,000. Issued common stock at par for $20,000.
Cushenberry Corporation had the following transactions. 1. 2. 3. 4. 5. 6. Sold land (cost $12,000) for $15,000. Issued common stock at par for $20,000. Recorded depreciation on buildings for $17,000. D Paid salaries of $9,000. Issued 1,000 shares of $1 par value common stock for equipment worth $8,000. Sold equipment (cost $10,000, accumulated depreciation $7,000) for $1,200. (b) For each transaction above indicate how it would affect the statement of cash flows using the indirect method. T T T CO
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