Need answer +Wi-Fi, Inc. has the following selected transactions during the year. Select the section of thestatement of cash flows each of these items would be reported: operating activities (indirectmethod), investing activities, financing activities, or a separate noncash activities note.Transactions1. Issues $20 million in bonds.Activities2.Purchases equipment for $80,000.3.Pays a $20,000 account payable.4.Collects a $15,000 account receivable.5. Exchnges land for a new patent. Both are valued at $300,000.6.7.Declares and pays a cash dividend of $100,000.Loans $50,000 to a customer, accepting a note receivable.8. Pays $75,000 to suppliers for inventory.

cash is received in exchange for bonds issued. this is done to secure financing from the bondholders…

Answered: + Wi-Fi, Inc. has the following…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter12: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12.20MCE

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