Acc291 Principles of Accounting: E13-1 Pioneer Corporation had the transactions

Acc291 Principles of Accounting

E13-1
Pioneer Corporation had the transactions below during 2011.
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. Issued $50,000 par value common stock for cash.
b. Purchased a machine for $30,000, giving a long-term note in exchange.
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 $18,000.
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.
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