The following information was taken from the accounting records of Oregon Corporation for 2007: Proceeds from issuance of preferred stock $4,000,000 Dividends paid on preferred stock 400,000 Bonds payable converted to common stock 2,000,000 Payment for purchase of machinery 500,000 Proceeds from the sale of plant building 1,200,000 2% stock dividend on common stock 300,000 Gain on sale of plant building 200,000 Oregon's statement of cash flows for the year ended December 31, 2007, should show the following amounts for investing and financing activities, based on the preceding information: Net Cash Flows From Investing Activities Net Cash Flows From Financing Activities a. $700,000 b. $700,000 C. $900,000 d. $900,000 $3,600,000 $3,900,000 $3,900,000 $5,600,000
The following information was taken from the accounting records of Oregon Corporation for 2007: Proceeds from issuance of preferred stock $4,000,000 Dividends paid on preferred stock 400,000 Bonds payable converted to common stock 2,000,000 Payment for purchase of machinery 500,000 Proceeds from the sale of plant building 1,200,000 2% stock dividend on common stock 300,000 Gain on sale of plant building 200,000 Oregon's statement of cash flows for the year ended December 31, 2007, should show the following amounts for investing and financing activities, based on the preceding information: Net Cash Flows From Investing Activities Net Cash Flows From Financing Activities a. $700,000 b. $700,000 C. $900,000 d. $900,000 $3,600,000 $3,900,000 $3,900,000 $5,600,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
i want corect answer for this q
Transcribed Image Text:The following information was taken from the accounting records of Oregon Corporation for
2007:
Proceeds from issuance of preferred stock $4,000,000
Dividends paid on preferred stock
400,000
Bonds payable converted to common stock 2,000,000
Payment for purchase of machinery
500,000
Proceeds from the sale of plant building
1,200,000
2% stock dividend on common stock
300,000
Gain on sale of plant building
200,000
Oregon's statement of cash flows for the year ended December 31, 2007, should show the
following amounts for investing and financing activities, based on the preceding
information:
Net Cash Flows From Investing Activities Net Cash Flows From Financing Activities
a.
$700,000
b. $700,000
C. $900,000
d. $900,000
$3,600,000
$3,900,000
$3,900,000
$5,600,000
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education