Tabares Corporation had these transactions during 2020. Indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity. (a) Issued $50,000 par value common stock for cash. select a type of activity: Operating Activity, Financing Activity, Noncash Investing and Financing Activity, or Investing Activity (b) Purchased a machine for $30,000, giving a long-term note in exchange. select a type of activity: Operating Activity, Financing Activity, Noncash Investing and Financing Activity, or Investing Activity (c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. select a type of activity: Operating Activity, Financing Activity, Noncash Investing and Financing Activity, or Investing Activity (d) Declared and paid a cash dividend of $18,000. select a type of activity: Operating Activity, Financing Activity, Noncash Investing and Financing Activity, or Investing Activity (e) Sold a long-term investment with a cost of $15,000 for $15,000 cash. select a type of activity: Operating Activity, Financing Activity, Noncash Investing and Financing Activity, or Investing Activity (f) Collected $16,000 from sale of goods. select a type of activity: Operating Activity, Financing Activity, Noncash Investing and Financing Activity, or Investing Activity (g) Paid $18,000 to suppliers. select a type of activity: Operating Activity, Financing Activity, Noncash Investing and Financing Activity, or Investing Activity

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

Tabares Corporation had these transactions during 2020.

Indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity.

(a)	Issued $50,000 par value common stock for cash.	select a type of activity: Operating Activity, Financing Activity, Noncash Investing and Financing Activity, or Investing Activity

(b)	Purchased a machine for $30,000, giving a long-term note in exchange.	select a type of activity: Operating Activity, Financing Activity, Noncash Investing and Financing Activity, or Investing Activity

(c)	Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.	select a type of activity: Operating Activity, Financing Activity, Noncash Investing and Financing Activity, or Investing Activity

(d)	Declared and paid a cash dividend of $18,000.	select a type of activity: Operating Activity, Financing Activity, Noncash Investing and Financing Activity, or Investing Activity

(e)	Sold a long-term investment with a cost of $15,000 for $15,000 cash.	select a type of activity: Operating Activity, Financing Activity, Noncash Investing and Financing Activity, or Investing Activity

(f)	Collected $16,000 from sale of goods.	select a type of activity: Operating Activity, Financing Activity, Noncash Investing and Financing Activity, or Investing Activity

(g)	Paid $18,000 to suppliers.

select a type of activity: Operating Activity, Financing Activity, Noncash Investing and Financing Activity, or Investing Activity

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions