Question
Tabares Corporation had these transactions during 2020. Indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity.
Tabares Corporation had these transactions during 2020. Indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity.
(a) | Issued $50,000 par value common stock for cash. | Operating ActivitiesNoncash Investing and/or Financing ActivitiesFinancing ActivitiesInvesting Activities | ||
(b) | Purchased a machine for $30,000, giving a long-term note in exchange. | Investing ActivitiesFinancing ActivitiesNoncash Investing and/or Financing ActivitiesOperating Activities | ||
(c) | Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. | Noncash Investing and/or Financing ActivitiesOperating ActivitiesInvesting ActivitiesFinancing Activities | ||
(d) | Declared and paid a cash dividend of $18,000. | Financing ActivitiesInvesting ActivitiesOperating ActivitiesNoncash Investing and/or Financing Activities | ||
(e) | Sold a long-term investment with a cost of $15,000 for $15,000 cash. | Noncash Investing and/or Financing ActivitiesOperating ActivitiesFinancing ActivitiesInvesting Activities | ||
(f) | Collected $16,000 from sale of goods. | Financing ActivitiesInvesting ActivitiesNoncash Investing and/or Financing ActivitiesOperating Activities | ||
(g) | Paid $18,000 to suppliers. | Noncash Investing and/or Financing ActivitiesFinancing ActivitiesOperating ActivitiesInvesting Activities |
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