Land transactions on the statement of cash flows

Seeing Double Corporation purchased land for $$510,000.$ Later in the year, the company sold land with a book value of $$217,500$ for $$165,000.$ How are the effects of these transactions reported on the statement of cash flows?

two answers $q,$

$5$a$)$ How is The loss on the sale usa to adjust NI $($under whut section$)?$

$5$b$)$ How ara The sale and then the purchase reported $($what section$)?$

Cash received from customers$-$direct method

Sales reported on the income statement were $$450,000.$ The accounts receivable balance increased $$47,000$ over the year. Determine the amount of cash received from customers. $q,$

One answar

$q,$

Cash payments for merchandise$-$direct method

Cost of merchandise sold reported on the income statement was $$360,000.$ The accounts payable balance decreased $$17,800,$ and the inventory balance decreased by $$28,000$ over the year. Determine the amount of cash paid for merchandise. $q,7)$ Hint: Start with COGS, ddjust for change is inventory,

Then adjust for Change ia $\frac{A}{P}=$ Cash Paid This paviod.

Note$-$This is The more challenging of The five questions!

Determining cash payments to stockholders

The board of directors declared cash dividends totaling $$260,000$ during the current year.

The comparative balance sheet indicates dividends payable of $$74,500$ at the beginning of the year and $$65,000$ at the end of the year. What was the amount of cash payments to stockholders during the year?

Hint: Make a T account of Dividend's Payable,

post Beg, Ending, and "plus" aetivity. The

debit amount is the answir.

Reporting changes in equipment on statement of cash flows

An analysis of the general ledger accounts indicates that office equipment, which cost $$89,000$ and on which accumulated depreciation totaled $$36,000$ on the date of sale, was sold for $$43,500$ during the year. Using this information, indicate the items to be reported on the statement of cash flows.