For each transaction, enter a check mark to indicate its effect on cash flow. If

Question

For each transaction, enter a check mark to indicate its effect on cash flow. If there is no effect, do not mark either column.

(A). Purchased treasury stock, paid cash

(M) Issued a 2 for 1 stock split

Transaction Inflow Outflow

(A). Purchased treasury stock, paid cash

(A) Amortization of goodwill (B) Sale of a fixed asset at a loss; collected no cash; received a 1-year note receivable (C) Purchased a patent; paid cash (D) Purchased land; gave a 5-year note (no cash paid) (E) Paid a short-term note receivable (F) Paid a long-term note receivable (G) Paid a short-term note receivable (H) Collected a short-term note payable (I) Collected a long-term note payable (J) Traded three used trucks for one new truck (fixed asset) (K) Sustained a $5,000 fire loss to the plan, will collect this amount during the coming year (L)Declared a cash dividend in 2013; payable in 2014

(M) Issued a 2 for 1 stock split

Explanation / Answer

(A). Purchased treasury stock, paid cash

Yes

(M) Issued a 2 for 1 stock split

action Inflow Outflow

(A). Purchased treasury stock, paid cash

Yes

(A) Amortization of goodwill (B) Sale of a fixed asset at a loss; collected no cash; received a 1-year note receivable (C) Purchased a patent; paid cash Yes (D) Purchased land; gave a 5-year note (no cash paid) (E) Paid a short-term note receivable Yes (F) Paid a long-term note receivable Yes (G) Paid a short-term note receivable Yes (H) Collected a short-term note payable Yes (I) Collected a long-term note payable Yes (J) Traded three used trucks for one new truck (fixed asset) (K) Sustained a $5,000 fire loss to the plan, will collect this amount during the coming year (L)Declared a cash dividend in 2013; payable in 2014

(M) Issued a 2 for 1 stock split

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