Analyze each of the four transactions Ernie's Electronics had with Bert's Bargain House from the...
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Analyze each of the four transactions Ernie's Electronics had with Bert's Bargain House from the perspective of Ernie's Electronics. Required: Select the section of the statement of cash flows in which each of these items would be reported for Ernie's Electronics: operating activities (indirect method), investing activities, financing activities, or a separate noncash activities note. Transactions 1. Ernie sold Bert land for $195,000. Ernie originally purchased the land for $180,000, resulting in a $15,000 gain being recorded by Ernie at the time of the sale. 2. Ernie borrowed $100,000 from Bert, signing a three-year note payable. 3. Ernie purchased $1 million in common stock in Bert's Bargain House through a private placement. 4. Ernie received a dividend of $40,000 from the common stock investment in Bert's Bargain House. Activities 
Analyze each of the four transactions Ernie's Electronics had with Bert's Bargain House from the perspective of Ernie's Electronics. Required: Select the section of the statement of cash flows in which each of these items would be reported for Ernie's Electronics: operating activities (indirect method), investing activities, financing activities, or a separate noncash activities
Analyze each of the four transactions Ernie's Electronics had with Bert's Bargain House from the perspective of Ernie's Electronics. Required: Select the section of the statement of cash flows in which each of these items would be reported for Ernie's Electronics: operating activities (indirect method), investing activities, financing activities, or a separate noncash activities note. Transactions 1. Ernie sold Bert land for $195,000. Ernie originally purchased the land for $180,000, resulting in a $15,000 gain being recorded by Ernie at the time of the sale. 2. Ernie borrowed $100,000 from Bert, signing a three-year note payable. 3. Ernie purchased $1 million in common stock in Bert's Bargain House through a private placement. 4. Ernie received a dividend of $40,000 from the common stock investment in Bert's Bargain House. Activities
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