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

---

Definitions:

Single-father Household

A family unit where a male caregiver raises children without the presence of a female partner or spouse.

Extended Families

Family units that extend beyond the nuclear family, including grandparents, cousins, aunts, and uncles among others.

Non-Western

Refers to cultures, practices, and societies outside of the Western world, often emphasizing diversity in cultural experiences.

Good Coping Strategies

Positive methods or techniques used by individuals to manage stress, adversity, or emotional difficulties.