Effect of Transactions on Cash FlowsState the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows:Retired $200,000 of bonds, on which there was $2,000 of unamortized discount, for $208,000.Sold 7,000 shares of $10 par common stock for $23 per share.Sold equipment with a book value of $59,000 for $85,000.Purchased land for $353,000 cash.Purchased a building by paying $77,000 cash and issuing a $120,000 mortgage note payable.Sold a new issue of $160,000 of bonds at 97.Purchased 2,700 shares of $20 par common stock as treasury stock at $37 per share.Paid dividends of $2.00 per share. There were 30,000 shares issued and 5,000 shares of treasury stock. EffectAmounta.Cash payment $fill in the blank 2b. $fill in the blank 4c. $fill in the blank 6d. $fill in the blank 8e. $fill in the blank 10f. $fill in the blank 12g. $fill in the blank 14h. $

Cash flows Cash flows are the net amount of {cash|of money} and cash equivalents being transferred…

Answered: Effect of Transactions on Cash Flows…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Effect of Transactions on Cash Flows

State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows:

Retired $200,000 of bonds, on which there was $2,000 of unamortized discount, for $208,000.
Sold 7,000 shares of $10 par common stock for $23 per share.
Sold equipment with a book value of $59,000 for $85,000.
Purchased land for $353,000 cash.
Purchased a building by paying $77,000 cash and issuing a $120,000 mortgage note payable.
Sold a new issue of $160,000 of bonds at 97.
Purchased 2,700 shares of $20 par common stock as treasury stock at $37 per share.
Paid dividends of $2.00 per share. There were 30,000 shares issued and 5,000 shares of treasury stock.

	Effect	Amount
a.	Cash payment	$fill in the blank 2
b.		$fill in the blank 4
c.		$fill in the blank 6
d.		$fill in the blank 8
e.		$fill in the blank 10
f.		$fill in the blank 12
g.		$fill in the blank 14
h.		$

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