Statement of Cash Flow Preparation ActivityConsider the following journal entries:Entry(a) cash$4%$481,000.00common stock81,000.00(b) treasury stock13,000.00cash13,000.00(c) cash60,000.00sales revenue60,000.00(d) land87,700.00cash87,700.00(e) depreciation expense9,000.00accumulated depreciation9,000.00(f) dividends payable16,500.00cash16,500.00(g) land18,000.00cash18,000.00(h) cash7,200.007,200.00equipment(1) bonds payablecash45,000.0045,000.00(1) building164,000.00164,000.00note payable, long-term(k) loss on disposal of equipment | 1,400.00equipment, net1,400.00Indicate whether each transaction would result in an operating activity, aninvesting activity, or a financing activity for an indirect method statement ofcash flow and the accompanying schedule of non-cash investing andfinancing activities.Click here to enter text.%24

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Description: Statement of Cash Flow Preparation ActivityConsider the following journal entries:Entry(a) cash$4%$481,000.00common stock81,000.00(b) treasury stock13,000.00cash13,000.00(c) cash60,000.00sales revenue60,000.00(d) land87,700.00cash87,700.00(e) deprec

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Statement of Cash Flow Preparation Activity Consider the following journal entries: Entry |(a) cash 81,000.00 common stock 81,000.00 (b) treasury stock 13,000.00 cash 13,000.00 (c) cash 60,000.00 sales revenue 60,000.00 (d) land 87,700.00 cash 87,700.00 (e) depreciation expense accumulated depreciation 9,000.00 9,000.00 (f) dividends payable 16,500.00 cash 16,500.00 (g) land 18,000.00 cash 18,000.00 | (h) cash equipment (i) bonds payable 7,200.00 7,200.00 45,000.00 cash 45,000.00 () building note payable, long-term (k) loss on disposal of equipment 1,400.00 equipment, net 164,000.00 164,000.00 1,400.00

Statement of Cash Flow Preparation Activity Consider the following journal entries: Entry |(a) cash 81,000.00 common stock 81,000.00 (b) treasury stock 13,000.00 cash 13,000.00 (c) cash 60,000.00 sales revenue 60,000.00 (d) land 87,700.00 cash 87,700.00 (e) depreciation expense accumulated depreciation 9,000.00 9,000.00 (f) dividends payable 16,500.00 cash 16,500.00 (g) land 18,000.00 cash 18,000.00 | (h) cash equipment (i) bonds payable 7,200.00 7,200.00 45,000.00 cash 45,000.00 () building note payable, long-term (k) loss on disposal of equipment 1,400.00 equipment, net 164,000.00 164,000.00 1,400.00

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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