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why am I getting B, C, D wrong? Calculator Note: Only consider the cash component of each transaction. Use the minus sign to indicate amounts
why am I getting B, C, D wrong?
Calculator Note: Only consider the cash component of each transaction. Use the minus sign to indicate amounts that are cash out flows, cash payments, decreases in cash, or any negative adjustments. If your answer is not reported in an amount box does not require an entry, leave it blank or enter "0". a. Received $120,000 from the sale of land costing $70,000. Investing activities $ 120,000 Operating activities $ 50,000 b. Purchased investments for $75,000. Investing activities $ 75,000 X c. Declared $35,000 cash dividends on stock. $5,000 dividends were payable at the beginning of the year, and $6,000 were payable at the end of the year. Financing activities $ 34,000 x d. Acquired equipment for $64,000 cash. Investing activities $ 64,000 X e. Declared and issued 100 shares of $20 par common stock as a stock dividend, when the market price of the stock was $32 a share. Not reported Recognized depreciation for the year, $37,000. Operating activities $ 37,000 g. issued Issued 85,000 shares of $10 par common stock for $25 a share, receiving cash. Financing activities $ 2,125,000 Issued $500,000 of 20-year, 10% bonds payable at 99. Financing activities $ 495,000 Borrowed $43,000 from Regional Bank, issuing a 5-year, 8% note for that amount. Financing activities $ 43,000Step by Step Solution
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