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.