Carla Vista Corporation had the following transactions.1.2.3.4.5.6.Sold land (cost $12,600) for $15,900,Issued common stock at par for $20,000.Recorded depreciation on buildings for $17,600.Paid salaries of $9,600.Issued 700 shares of $1 par value common stock for equipment worth $5,600.Sold equipment (cost $11,800, accumulated depreciation $8,260) for $1,416. For each transaction above, indicate how it would affect the statement of cash flows using the indirect method. (Select "NotReported" if it is not reported on the statement of cash flows. Select "Not Applicable" if it does not belong to any section.)1.23.4.5.6.Cash receiptGain on disposal of plant assetsCash receiptDepreciation expenseSalaries and wages expenseCommon stock for equipmentCash receiptLoss on disposal of plant assets$$$$S100

The cash flow statement is prepared to record the cash flow from various activities during the…

Carla Vista Corporation had the following transactions. 1. 2. 3. 4. 5. 6. Sold land (cost $12,600) for $15,900. Issued common stock at par for $20,000. Recorded depreciation on buildings for $17,600. Paid salaries of $9,600. Issued 700 shares of $1 par value common stock for equipment worth $5,600. Sold equipment (cost $11,800, accumulated depreciation $8,260) for $1,416.

Carla Vista Corporation had the following transactions. 1. 2. 3. 4. 5. 6. Sold land (cost $12,600) for $15,900. Issued common stock at par for $20,000. Recorded depreciation on buildings for $17,600. Paid salaries of $9,600. Issued 700 shares of $1 par value common stock for equipment worth $5,600. Sold equipment (cost $11,800, accumulated depreciation $8,260) for $1,416.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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am. 76.
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