State the sectionte) of the statement of cash fiows prepared by the Indirect met

Question

State the sectionte) of the statement of cash fiows prepared by the Indirect method (operating activities, investing activitles, financing activitles, or not reported) that would be reported for each of the following transactions: 10 POINTS ( Received $145,000 trom the sale of land costing $70.00o. (b) Purchased investments. (c) Declared and paid cash dividends. (d) Acquired equipment for cash. (e) Declared and issued common stock as a stock dividend. Recognized depreciation for the year Issued shares of common stock. Issued bonds. Borrowed from Regional Bank, issuing a 5-year, 8% note for that amount. (g) 22 a

Explanation / Answer

Sr. No. PARTICULARS Cash Flow from operating Activities Cash Flow from Investing Activities Cash Flow from Financing Activities Not Reported A) Sales of Land of $ 145,000 Cash Flow from Investing Activities Profit on sale of land ($145,000 - $ 70,000) Cash Flow from operating Activities B) Purchase of investment Cash Flow from Investing Activities C) Declared and paid cash dividend Cash Flow from Financing Activities d) Acquired Equipment for Cash Cash Flow from Investing Activities e) Declared and issued common stock as stock dividend Not Reported f) Recognized the deperciation of the year Cash Flow from operating Activities g) Issued shares of the common sTock Cash Flow from Financing Activities h) Issued Bonds Cash Flow from Financing Activities i) Borrowing from bank Cash Flow from Financing Activities

Related Questions

Navigate

• Browse (All)
• Browse S
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.