Reference no: EM133108109

Question - For each of the following transactions, indicate what is shown on a statement of cash flows as either an investing activity, a financing activity, or an operating activity. What kind of activity is it? Is it a cash inflow or outflow? How much cash is reported?

a. One thousand shares of $1 per share par value common stock is issued for $19,000.

b. A cash dividend of $16,000 is distributed to stockholders.

c. A cash dividend of $9,000 is collected from another company because of the ownership of shares of stock.

d. A $7,000 payment is made on a long-term note payable with $6,000 reducing the principal and the remaining $1,000 for interest.

e. A building is sold with a historical cost of $400,000 and accumulated depreciation of $210,000 for cash at a loss of $17,000.