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.
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. ???? HYPERLINK “javascript:void();” ?Click here if you would like to Show Work for this question? E13-8????Here are comparative balance sheets for Taguchi Company. ??TAGUCHI COMPANY??Comparative Balance Sheets??December 31??Assets ?2011? ?2010??Cash?$73,000 ? ?$22,000 ??Accounts receivable?85,000 ? ?76,000 ??Inventories?170,000 ? ?189,000 ??Land?75,000 ? ?100,000 ??Equipment?260,000 ? ?200,000 ??Accumulated depreciation?(66,000)? ?(32,000)?? Total?$597,000 ? ?$555,000 ?? ? ? ? ??Liabilities and Stockholders’ Equity? ? ??Accounts payable?$39,000? ?$47,000??Bonds payable?150,000? ?200,000??Common stock ($1 par)?216,000? ?174,000??Retained earnings?192,000? ?134,000?? Total?$597,000? ?$555,000??Additional information: Net income for 2011 was $103,000. Cash dividends of $45,000 were declared and paid. Bonds payable amounting to $50,000 were redeemed for cash $50,000. Common stock was issued for $42,000 cash. No equipment was sold during 2011, but land was sold at cost. Complete the statement of cash flows for 2011 using the indirect method. (List amounts from largest positive to smallest positive followed by most negative to least negative, e.g. 15, 14, 10, -17, -5, -1. If amount decreases cash flow, use either a negative sign…
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