m.vidoes.com 3 My Library Brytware Accounting /doc/586565/p/44299111/mi/179492378 2 4%2F8 statement of cash flows, it reported $675 million of cash flows from operating activities. Explain this apparent contradiction between the loss and the positive cash flows. a. Cash payment $411,000 EX 16-2 Effect of transactions on cash flows OBJ. 1 State the effect (cash receipt or payment and amount of each of the following transac tions, considered individually, on cash flows: a. Retired $100,000 of bonds, on which there was $3,000 of unamortized discount, for $411,000. b. Sold 20,000 shares of $5 par common stock for $22 per share. c. Sold equipment with a book value of $55,800 for $60,000 d. Purchased land for $650,000 cash. e. Purchased a building by paying $50,000 cash and issuing a $450,000 mortgage note payable. f. Sold a new issue of $500,000 of bonds at 98. g. Purchased 10,000 shares of $40 par common stock as treasury stock at $50 per share. h. Paid dividends of $1.50 per share. There were 1,000,000 shares issued and 120,000 shares of treasury stock. OBJ. 1 EX 16-3 Classifying cash flows m.vidoes.com 3 My Library Brytware Accounting /doc/586565/p/44299111/mi/179492378 2 4%2F8 statement of cash flows, it reported $675 million of cash flows from operating activities. Explain this apparent contradiction between the loss and the positive cash flows. a. Cash payment $411,000 EX 16-2 Effect of transactions on cash flows OBJ. 1 State the effect (cash receipt or payment and amount of each of the following transac tions, considered individually, on cash flows: a. Retired $100,000 of bonds, on which there was $3,000 of unamortized discount, for $411,000. b. Sold 20,000 shares of $5 par common stock for $22 per share. c. Sold equipment with a book value of $55,800 for $60,000 d. Purchased land for $650,000 cash. e. Purchased a building by paying $50,000 cash and issuing a $450,000 mortgage note payable. f. Sold a new issue of $500,000 of bonds at 98. g. Purchased 10,000 shares of $40 par common stock as treasury stock at $50 per share. h. Paid dividends of $1.50 per share. There were 1,000,000 shares issued and 120,000 shares of treasury stock. OBJ. 1 EX 16-3 Classifying cash flows