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Tabares Corporation had these transactions during 2017. Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities,
Tabares Corporation had these transactions during 2017.
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.
(a) | Issued $50,000 par value common stock for cash. | Operating ActivitiesNoncash Investing and Financing ActivitiesFinancing ActivitiesInvesting Activities |
(b) | Purchased a machine for $30,000, giving a long-term note in exchange. | Investing ActivitiesFinancing ActivitiesOperating ActivitiesNoncash Investing and Financing Activities |
(c) | Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. | Financing ActivitiesOperating ActivitiesInvesting ActivitiesNoncash Investing and Financing Activities |
(d) | Declared and paid a cash dividend of $18,000. | Noncash Investing and Financing ActivitiesFinancing ActivitiesOperating ActivitiesInvesting Activities |
(e) | Sold a long-term investment with a cost of $15,000 for $15,000 cash. | Operating ActivitiesNoncash Investing and Financing ActivitiesFinancing ActivitiesInvesting Activities |
(f) | Collected $16,000 of accounts receivable. | Operating ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivitiesFinancing Activities |
(g) | Paid $18,000 on accounts payable. | Financing ActivitiesInvesting ActivitiesNoncash Investing and Financing ActivitiesOperating Activities |
OPTIONS:
Operating activities
Non cash investing and financing
financing activities
investing activities
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