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State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows: Retired $500,000 of bonds,
State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows:
- Retired $500,000 of bonds, on which there was $4,000 of unamortized discount, for $510,000.
- Sold 20,000 shares of $5 par common stock for $30 per share.
- Sold equipment with a book value of $68,900 for $72,400.
- Purchased land for $825,000 cash.
- Purchased a building by paying $30,000 cash and issuing a $570,000 mortgage note payable.
- Sold a new issue of $400,000 of bonds at 98.
- Purchased 10,000 shares of $10 par common stock as treasury stock at $22.50 per share.
- Paid dividends of $1.25 per share. There were 1,000,000 shares issued and 180,000 shares of treasury stock.
Effect | Amount | |
a. | $fill in the blank 2 | |
b. | $fill in the blank 4 | |
c. | $fill in the blank 6 | |
d. | $fill in the blank 8 | |
e. | $fill in the blank 10 | |
f. | $fill in the blank 12 | |
g. | $fill in the blank 14 | |
h. | $fill in the blank 16 |
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