Solution-Strawn corporation had these transactions during

Strawn corporation had these transactions during 2012

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Reference no: EM131145016

Strawn Corporation had these transactions during 2012.

(a) Purchased a machine for $30,000, giving a long-term note in exchange.
(b) Issued $50,000 par value common stock for cash.
(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.
(d) Declared and paid a cash dividend of $13,000.
(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash.
(f) Collected $16,000 of accounts receivable.
(g) Paid $18,000 on accounts payable.

Instructions

Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or non cash investing and financing activities.

Reference no: EM131145016

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Strawn corporation had these transactions during 2012

Reference no: EM131145016

Reference no: EM131145016

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