Strawn Corporation had these transactions during 2012. - 14701

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Exercise 12-1

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Strawn Corporation had these transactions during 2012.

Analyze the transactions and indicate whether each transaction resulted in a cash flow from operating activities, investing activities, financing activities, or noncash investing and financing activities.

(a)

 

Purchased a machine for $30,000, giving a long-term note in exchange.

   

 

       

(b)

 

Issued $50,000 par value common stock for cash.

   

 

       

(c)

 

Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.

   

 

       

(d)

 

Declared and paid a cash dividend of $13,000.

   

 

       

(e)

 

Sold a long-term investment with a cost of $15,000 for $15,000 cash.

   

 

       

(f)

 

Collected $16,000 of accounts receivable.

   

 

       

(g)

 

Paid $18,000 on accounts payable.