Outflow from financing activities

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Reference no: EM13956751

The following transactions occurred during the fiscal year for Boston Corporation:

1. Issued 10-year bonds.
2. Purchased a nine-month certificate of deposit.
3. Repaid a six-month bank note.
4. Invested $60,000 in common stock of another company as a long-term investment.
5. Issued 20,000 shares of common stock.
6. Purchased 10,000 shares of IBM stock as a short-term investment.
7. Purchased 5,000 shares of its own stock to be held in treasury.
8. Sold 20,000 shares of Ford stock, which had been held as a short-term investment.
9. Purchased $6,000,000 of inventory from Granger Corporation.
10. Collected $90,000 from Major Manufacturing related to a previous sale.

Required:

For each transaction, indicate how it would be reported on the statement of cash flows. Use the following key:

a. Inflow from investing activities.
b. Outflow from investing activities.
c. Inflow from financing activities.
d. Outflow from financing activities.
e. Inflow from operating activities.
f. Outflow from operating activities.

Reference no: EM13956751

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