Tabares Corporation had these transactions during 2020. Indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity. (a) Issued $50,000 par value common stock for cash. Investing ActivitiesNoncash Investing and/or Financing ActivitiesOperating ActivitiesFinancing Activities (b) Purchased a machine for $30,000, giving a long-term note in exchange. Investing ActivitiesOperating ActivitiesNoncash Investing and/or Financing ActivitiesFinancing Activities (c) Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000. Operating ActivitiesNoncash Investing and/or Financing ActivitiesFinancing ActivitiesInvesting Activities (d) Declared and paid a cash dividend of $18,000. Operating ActivitiesFinancing ActivitiesNoncash Investing and/or Financing ActivitiesInvesting Activities (e) Sold a long-term investment with a cost of $15,000 for $15,000 cash. Operating ActivitiesFinancing ActivitiesInvesting ActivitiesNoncash Investing and/or Financing Activities (f) Collected $16,000 from sale of goods. Noncash Investing and/or Financing ActivitiesOperating ActivitiesFinancing ActivitiesInvesting Activities (g) Paid $18,000 to suppliers.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 52PSA

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Tabares Corporation had these transactions during 2020.

Indicate whether each transaction is an operating activity, investing activity, financing activity, or noncash investing and financing activity.

(a)	Issued $50,000 par value common stock for cash.	Investing ActivitiesNoncash Investing and/or Financing ActivitiesOperating ActivitiesFinancing Activities

(b)	Purchased a machine for $30,000, giving a long-term note in exchange.	Investing ActivitiesOperating ActivitiesNoncash Investing and/or Financing ActivitiesFinancing Activities

(c)	Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.	Operating ActivitiesNoncash Investing and/or Financing ActivitiesFinancing ActivitiesInvesting Activities

(d)	Declared and paid a cash dividend of $18,000.	Operating ActivitiesFinancing ActivitiesNoncash Investing and/or Financing ActivitiesInvesting Activities

(e)	Sold a long-term investment with a cost of $15,000 for $15,000 cash.	Operating ActivitiesFinancing ActivitiesInvesting ActivitiesNoncash Investing and/or Financing Activities

(f)	Collected $16,000 from sale of goods.	Noncash Investing and/or Financing ActivitiesOperating ActivitiesFinancing ActivitiesInvesting Activities

(g)	Paid $18,000 to suppliers.

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