Reference no: EM133162762

Question - The Westside Deli has engaged in several transactions during the year as follows:

1. Purchased a delivery van for $15,000 and paid cash.

2. Sold 100 shares of capital stock with a $5 par value per share for $10 per share.

3. Borrowed $15,000 from the local savings and loan institution on a long-term basis.

4. Paid dividends of $10,000 during the year.

5. Sold investments, with book value of $8,000, for $6000.

6. Purchased short-term investments (stock in a Fortune 500) company for $4,500.

7. Repurchased fifty shares of its own capital stock for $300. Stock is to be held for possible resale.

8. Paid $5,600 of long-term debt.

9. Exchanged 100 shares of capital stock for $1000 of long-term debt owed to First Bank.

10. Purchased vacant land for $10,000 for potential expansion two years hence.

Required - Identify how each transaction would be classified for the purpose of creating a statement of cash flows.