Solution-Production of kicker speaker lines

Production of kicker speaker lines

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Reference no: EM13546311

Stillwater Designs is a private company and outsources production of its Kicker speaker lines. Suppose that Stillwater Designs provided you the following transactions.

a. Sold a warehouse for $750,000.
b. Reported a profit of $100,000.
c. Retired long-term bonds.
d. Paid cash dividends of $350,000.
e. Obtained a mortgage for a new building from a local bank.
f. Purchased a new robotic system.
g. Issued a long-term note payable.
h. Purchased a 40 percent interest in a company.
i. Reported a loss for the year.
j. Negotiated a working capital loan.

Required:

Classify each of these transactions as an operating activity, an investing activity, or a financing activity. Also, indicate whether the activity is a source of cash or a use of cash.

Reference no: EM13546311

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Production of kicker speaker lines

Reference no: EM13546311

Reference no: EM13546311

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