Question
Putnam Corporation had these transactions during 2014. Purchased a machine for $30,000, giving a long-term note in exchange. Issued $50,000 par value common stock for
Putnam Corporation had these transactions during 2014.
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Purchased a machine for $30,000, giving a long-term note in exchange.
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Issued $50,000 par value common stock for cash.
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Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.
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Declared and paid a cash dividend of $13,000.
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Sold a long-term investment with a cost of $15,000 for $15,000 cash.
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Collected $16,000 of accounts receivable.
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Paid $18,000 on accounts payable.
Instructions:
Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or noncash investing and financing activities.
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