[jpalis]

Here is a long one: This is due tomorrow and I really need to pass this class if anyone can help me I would appreciate it. Thank you

State the section(s) of the statement of cash flows prepared by the indirect method (operating activies, investing activities, financing activies, or not reported) and the amount that would be reported for each of the following transactions:

a) Receied $145,000 from the sale of land costing $70,000.

b) Purchased investments for $50,000.

c) Declared $35,000 cash divendeds on stock. $5,000 divendends were payale at the beginning of the year, and $6000 were payable at the end of the year.

d) Acquired equipment for $32,000 cash.

e) Declared and issued 100 shares of $20 par common stock as a stock dividend, when the market price of the stock was $32 a share.

f) Recognized by an adjusting entry depreciation for the year, $48,000.

g) Issued 85,000 shares of $10 par common stock for $25 a share, receiving cash.

h) Issued $500,000 of 20-year, 10% bonds payable at 99.

I) Borrowed $43,000 from Busey National Bank, issuing a 5-year, 8% note for that amount.

Thank you for all your help..

[CaptainForest]

My quick answer are these: Although I am not 100% sure about some of them. Look them over, see if they seem right or not and make your own judgement if I am right or not.

a) Investing, Land 70K, Gain 70K

b) Financing - 50K

c) Financing

d) Investing - 32K

e) Not reported (it is not a Cash Flor item)

f) Operating - 48K (you must add back depreciation since it is a non CF item)

g) Financing - 2,125,000

h) Financing - 495K

I) Financing - 43,000

[jpalis]

Thank you so much I really appreciate it.