FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Question
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
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(b) | Purchased a machine for $30,000, giving a long-term note in exchange. |
Investing ActivitiesOperating ActivitiesNoncash Investing and/or Financing ActivitiesFinancing Activities
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(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
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(d) | Declared and paid a cash dividend of $18,000. |
Operating ActivitiesFinancing ActivitiesNoncash Investing and/or Financing ActivitiesInvesting Activities
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(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
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(f) | Collected $16,000 from sale of goods. |
Noncash Investing and/or Financing ActivitiesOperating ActivitiesFinancing ActivitiesInvesting Activities
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(g) | Paid $18,000 to suppliers. |
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