CP 14-1 The following transactions were carried out by Crozier Manufacturing Limited. Required: Indicate...
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CP The following transactions were carried out by Crozier Manufacturing Limited. Required: Indicate into which category each transaction or adjustment is placed in the statement of cash flows: operating O financing F or investing I activities. A payment of $ was made on a noncurrent bank loan. Depreciation expense for equipment was $ $ of common stock was issued for cash. Cash dividends of $ were declared and paid to stockholders. A noncurrent bank loan was assumed in exchange for equipment costing $ Land was purchased for $ cash. $ of accrued salaries was paid. A $ operating loan was obtained. The loan is due on demand and is an integral part of the company's cash management strategy. $ of accounts receivable was collected. A building was purchased for $ : $ was paid in cash and the rest was borrowed. Land was sold for $ cash. Equipment was sold for $ The original cost was $ The related accumulation depreciation was $ $ cash was paid for a month insurance policy to take effect next year. A patent was amortized for $ Stock was redeemed for $ cash, the original purchase price. 
CP
The following transactions were carried out by Crozier Manufacturing
Limited.
Required: Indicate into which category each transaction or adjustment
is placed in the statement of cash flows: operating O
financing F or investing I activities.
A payment of $ was made on a noncurrent bank loan.
Depreciation expense for equipment was $
$ of common stock was issued for cash.
Cash dividends of $ were declared and paid to stockholders.
A noncurrent bank loan was assumed in exchange for equipment
costing $
Land was purchased for $ cash.
$ of accrued salaries was paid.
A $ operating loan was obtained. The loan is due on demand
and is an integral part of the company's cash management strategy.
$ of accounts receivable was collected.
A building was purchased for $ : $ was paid in
cash and the rest was borrowed.
Land was sold for $ cash.
Equipment was sold for $ The original cost was
$ The related accumulation depreciation was $
$ cash was paid for a month insurance policy to take
effect next year.
A patent was amortized for $
Stock was redeemed for $ cash, the original purchase price.
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