Wiley Assignment Week 5

Question

Wiley Assignment Week 5

Question # 00002932 Posted By: expert-mustang Updated on: 10/29/2013 01:10 AM Due on: 10/29/2013

Subject Accounting Topic Accounting Tutorials:

Question

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.