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 flow . Retired $190,000 of bonds, on which there was $1,900 of unamortized discount, for $198,000. . Sold 12,000 shares of $25 par common stock for $46 per share. Sold equipment with a book value of $48,000 for $69,100. 3. Purchased land for $387,000 cash. . Purchased a building by paying $71,000 cash and issuing a $120,000 mortgage note payable. . Sold a new issue of $210,000 of bonds at 97. . Purchased 6,300 shares of $25 par common stock as treasury stock at $45 per share. m. Paid dividends of $2.50 per share. There were 24,000 shares issued and 4,000 shares of treasury stock. Amount . C 5. .. Effect Cash payment Cash receipt Cash receipt Cash payment Cash payment Cash receipt Cash payment Cash payment ✓ 3000
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 flow . Retired $190,000 of bonds, on which there was $1,900 of unamortized discount, for $198,000. . Sold 12,000 shares of $25 par common stock for $46 per share. Sold equipment with a book value of $48,000 for $69,100. 3. Purchased land for $387,000 cash. . Purchased a building by paying $71,000 cash and issuing a $120,000 mortgage note payable. . Sold a new issue of $210,000 of bonds at 97. . Purchased 6,300 shares of $25 par common stock as treasury stock at $45 per share. m. Paid dividends of $2.50 per share. There were 24,000 shares issued and 4,000 shares of treasury stock. Amount . C 5. .. Effect Cash payment Cash receipt Cash receipt Cash payment Cash payment Cash receipt Cash payment Cash payment ✓ 3000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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