Question
Tabares Corporation had these transactions during 2017. (A) Issued $50,000 par value common stock for cash. (B) purchased a machine for $30,000, giving a long-term
Tabares Corporation had these transactions during 2017. (A) Issued $50,000 par value common stock for cash. (B) purchased a machine for $30,000, giving a long-term note in exchange. (C) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. (D) declared and paid a cash dividend of $18,000. (E) sold a long -term investment with a cost of $15,000 for $15,000 cash. (F) collected $16,000 of accounts receivable. (G) 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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