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Obj - describe the cash flow activities reported in thestatement of cash flows

a) redeemed bonds-
b) purchased patents -
c) Purchased buildings -
d) purchased treasury stock-
e) sold long term investments-
f) paid cash dividends -
g) issued common stock -
h) issued preferred stock-
i) net income -
j) issued bonds -
k) sold equipment -

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Deanna Hettinger
Deanna HettingerLv2
28 Sep 2019

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Identify whether each of the following would be reported as an operating, investing, or financing activity on the statement of cash flows:

a) Purchase Patents b) Net Income c) Purchased Buildings d) Paid Cash Dividends e) Issued Preferred Stock f) Issued Common Stock g) Sold Equipment

h) Issued Bonds i) Purchased Treasury Stock j) Sold Long-term Investments k) Paid off Bonds l) Paid Interest Expense m) Purchase Inventory For Cash

n) Payment Of Accounts Payable o) Sold Building

The Gopher Company’s transactions during 2018 included the following: Paid cash dividends of $1,200,000 Paid cash toward reducing a long-term note payable $900,000 Issued common stock in exchange for a building $750,000 Paid cash for bond interest $50,000 Bond discount amortization was recorded for $2,250 Issued preferred stock for cash $250,000 Sold a long-term stock investment with a book value of $79,000 for $123,000 cash Sold equipment with a book value of $90,000 for cash. The sale resulted in a $15,000 loss. Issued bonds with a maturity value of $2,000,000 in exchange for $1,950,000 cash Required: Determine the net cash flow from investing activities for 2018. Determine the net cash flow from financing activities for 2018.

The Gopher Company’s transactions during 2018 included the following:

Paid cash dividends of $1,200,000
Paid cash toward reducing a long-term note payable $900,000
Issued common stock in exchange for a building $750,000
Paid cash for bond interest $50,000
Bond discount amortization was recorded for $2,250
Issued preferred stock for cash $250,000
Sold a long-term stock investment with a book value of $79,000 for $123,000 cash
Sold equipment with a book value of $90,000 for cash. The sale resulted in a $15,000 loss.
Issued bonds with a maturity value of $2,000,000 in exchange for $1,950,000 cash

Required:

Determine the net cash flow from investing activities for 2018.

Determine the net cash flow from financing activities for 2018.

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