1. Purchased land for $275,000 cash. 2. Borrowed $275,000 from the bank on a long-term note. 3. Sold long-term investments for $250,000. 4. Accounts receivable decreased by $50,000. 5. Paid cash dividends of $300,000. 6. Issued 1,000 common shares for $125,000. 7. Purchased machinery and equipment for $62,500 cash. 8. Accounts payable increased by $100,000. Find cash used in investing and financing activities?

1. Purchased land for $275,000 cash. 2. Borrowed $275,000 from the bank on a long-term note. 3. Sold long-term investments for $250,000. 4. Accounts receivable decreased by $50,000. 5. Paid cash dividends of $300,000. 6. Issued 1,000 common shares for $125,000. 7. Purchased machinery and equipment for $62,500 cash. 8. Accounts payable increased by $100,000. Find cash used in investing and financing activities?

Name: 1. Purchased land for $275,000 cash.2. Borrowed $275,000 from the ban
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Description: 1. Purchased land for $275,000 cash.2. Borrowed $275,000 from the bank on a long-term note.3. Sold long-term investments for $250,000.4. Accounts receivable decreased by $50,000.5. Paid cash dividends of $300,000.6. Issued 1,000 common shares for $1

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter15: Statement Of Cash Flows

Section: Chapter Questions

Problem 2E: Effect of transactions on cash flows State the effect (cash receipt or cash payment and amount) of...

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