Exercise 12-1 |
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Strawn Corporation had these transactions during 2012.
Analyze the transactions and indicate whether each transaction resulted in a
cash flow from operating activities, investing activities, financing
activities, or noncash investing and financing activities.
(a) |
Purchased a machine for $30,000, giving a long-term note in exchange. |
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(b) |
Issued $50,000 par value common stock for cash. |
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(c) |
Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. |
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(d) |
Declared and paid a cash dividend of $13,000. |
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(e) |
Sold a long-term investment with a cost of $15,000 for $15,000 cash. |
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(f) |
Collected $16,000 of accounts receivable. |
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(g) |
Paid $18,000 on accounts payable. |
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