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Showing posts with label Pioneer Corporation. Show all posts
Showing posts with label Pioneer Corporation. Show all posts

Monday, August 3, 2015

Pioneer Corporation had the transactions below during 2011

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.

Click here for the solution: Pioneer Corporation had the transactions below during 2011