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Eng Corporation, a private corporation reporting under ASPE, had the following transactions: Complete the table below for each of the following requirements. The first one
Eng Corporation, a private corporation reporting under ASPE, had the following transactions: Complete the table below for each of the following requirements. The first one has been done for you as an example. (Show amounts that decrease cash flow with either a - sign es. -15,000 or in parenthesis eg. (15,000). Do not leave any answer field blank. Enter O for amounts.) (a) Classify each transaction as an operating activity, investing activity, financing activity, or noncash transaction. (b) Specify whether the transaction represents a cash inflow, cash outflow, or has no effect on cash, and in what amount. If there is no effect on cash, put 0 under the (b) column. 4. Collected $16,000 of accounts recelvable. 5. Paid a $25,000 cash dividend. 5 6. Sold a long-term equity investment with a carrying value of $15,000 for $10,000. 7. Sold $200,000 worth of bonds at par. 8. Paid $18,000 on accounts payable. 9. Purchased inventory for $28,000 on account. 10. Purchased a long-term investment in bonds for $100,000. 11. Sold equipment with a carrying amount of $16,000 for $13,000. 12. Paid $12,000 interest on long-term notes payable
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