State the Section(s) of the Statement of Cash Flows Prepared

question 69

Short Answer

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:
(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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Definitions:

Resurgence

refers to a renewal or revival of activity, interest, or attention after a period of decline or dormancy.

Northern Italy

The region of Italy characterized by a rich cultural and economic history, distinct from the southern part of the country, known for its industries, wealth, and artistic heritage.

Southern Italy

The region of Italy encompassing the southern part of the Italian Peninsula, known for its distinct historical, cultural, and geographical characteristics.

Industrialized

The process by which an economy is transformed from primarily agricultural to one based on the manufacturing of goods, involving large-scale industry and infrastructure development.