Effect of Transactions on Cash Flows State the effect (cash receipt or cash payment and...
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Accounting
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Effect of Transactions on Cash Flows
State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows:
- Retired $240,000 of bonds, on which there was $2,400 of unamortized discount, for $250,000.
- Sold 7,000 shares of $30 par common stock for $73 per share.
- Sold equipment with a book value of $60,900 for $87,700.
- Purchased land for $519,000 cash.
- Purchased a building by paying $50,000 cash and issuing a $100,000 mortgage note payable.
- Sold a new issue of $240,000 of bonds at 98.
- Purchased 2,800 shares of $35 par common stock as treasury stock at $63 per share.
- Paid dividends of $2.30 per share. There were 24,000 shares issued and 4,000 shares of treasury stock.
Effect Amount a. Cash payment $ b. Cash receipt $ c. Cash receipt $ d. Cash payment $ e. Cash payment $ f. Cash receipt $ g. Cash payment $ h. Cash payment $
Effect of Transactions on Cash Flows
State the effect (cash receipt or cash payment and amount) of each of the following transactions, considered individually, on cash flows:
- Retired $240,000 of bonds, on which there was $2,400 of unamortized discount, for $250,000.
- Sold 7,000 shares of $30 par common stock for $73 per share.
- Sold equipment with a book value of $60,900 for $87,700.
- Purchased land for $519,000 cash.
- Purchased a building by paying $50,000 cash and issuing a $100,000 mortgage note payable.
- Sold a new issue of $240,000 of bonds at 98.
- Purchased 2,800 shares of $35 par common stock as treasury stock at $63 per share.
- Paid dividends of $2.30 per share. There were 24,000 shares issued and 4,000 shares of treasury stock.
| Effect | Amount | |
| a. | Cash payment | $ |
| b. | Cash receipt | $ |
| c. | Cash receipt | $ |
| d. | Cash payment | $ |
| e. | Cash payment | $ |
| f. | Cash receipt | $ |
| g. | Cash payment | $ |
| h. | Cash payment | $ |
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