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

question 123

Essay

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 $145,000 from the sale of land costing $70,000.
(b)Purchased investments for $50,000.
(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 $32,000 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 by an adjusting entry depreciation for the year, $48,000.
(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 Busey National Bank, issuing a 5-year, 8% note for that amount.

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Definitions:

Job Analysis Process

A systematic examination of the tasks, responsibilities, and qualifications needed for a specific job, used for recruitment and performance evaluation.

Realistic Job Preview

A recruitment tool that provides potential applicants with a true representation of the responsibilities and conditions of a job.

Indexation

A method of estimating future employment needs by matching employment growth with a selected index, such as the ratio of production employees to sales.

Underutilization

A condition that exists when a department or employer has a lesser proportion of members of a protected class than are found in the employer’s labour market.