Questions 30 to 34 (Effects of transactions on Statement of Cash Flows using U.S. GAAP). Any given transaction may affect a statement of cash flows (using the indirect method) in one or more of the following ways:

A.Cash flows from operating activitiesNet income will be increased or adjusted upward.

B.Cash flows from operating activities Net income will be decreased or adjusted downward.

C.Cash flows from investing activities

D.Cash flows from financing activities

E.Reported as a note or not required to be reported on the cash flow statement

30. The Company issued $10,000,000 of Bonds to purchase a plant located in Glassboro, NJ.

31. Available-for-Sale Securities increase in value during the period from $220,000 to $260,000 during the period. No Available-for-Sale Securities were sold or purchased during the period.

32. 10,000 shares of Treasury Stock that was originally purchased for $100,000, were reissued (sold) for $120,000. Where would the $120,000 be recorded on the CFS?

33. Equipment which originally cost $20,000 and has a book value of 4,000 is sold for $2,500 during the year. Where is the $1,500 loss reported on the CFS?

34. Equipment which originally cost $20,000 and has a book value of 4,000 is sold for $2,500 during the year. Where is the $2,500 cash received reported on the CFS?