Business, 23.11.2020 09:30 maddieb1011

State the section(s) of the statement of cash flows prepared by the indirect method (operating activities, investing activities, financing activities, or not reported) and the amount that would be reported for each of the following transactions: 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.

b. Purchased investments for $75,000.

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.

d. Acquired equipment for $64,000 cash.

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.

f. Recognized depreciation for the year, $37,000.

g. Issued 85,000 shares of $10 par common stock for $25 a share, receiving cash.

h. Issued $500,000 of 20-year, 10% bonds payable at 99.

i. Borrowed $43,000 from Regional Bank, issuing a 5-year, 8% note for that amount.

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State the section(s) of the statement of cash flows prepared by the indirect method (operating activ...

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