E13-1 Pioneer Corporation had the transactions below during 2011. Analyze the transactions and indic

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. Document Preview:

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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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…

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