Question
E114 Wi-Fi, Inc., has the following selected transactions during the year. Issues $20 million in bonds. Purchases equipment for $80,000. Pays a $20,000 account payable.
E114 Wi-Fi, Inc., has the following selected transactions during the year.
Issues $20 million in bonds.
Purchases equipment for $80,000.
Pays a $20,000 account payable.
Collects a $15,000 account receivable.
Exchanges land for a new patent. Both are valued at $300,000.
Declares and pays a cash dividend of $100,000.
Loans $50,000 to a customer, accepting a note receivable.
Pays $75,000 to suppliers for inventory.
Required: Indicate in which section of the statement of cash flows each of these items would be reported: operating activities (indirect method), investing activities, financing activities, or a separate noncash activities note.
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