Indicate for each of the following transactions, what should be disclosed on the Statement of Cash Flows by completing the table below.  Place brackets around amounts listed as outflows, do not use minus signs.

 

1. Purchased Equipment for $70,000 paying 20% in cash and issuing a 3-year note for the balance.
2. Cash dividends paid $60,000
3. Amortization of patents $3,000
4. Machinery that cost $100,000 and had accumulated depreciation of $48,000 was sold for $53,000
5. Inventory at January 1 - $27,000 and December 31 - $44,000
6. Issued 6,000 $10 par Ordinary Shares with fair value of $15 per share for retirement of a 5-year note

                                                                                                                                  

 

 

 

 

 

Statement of Cash Flows Section Amount ($) Significant Non-Cash Transaction ($)

Inflows/Plus (Outflows/Minus) Investing Financing

 

 

 

 

1.

 

2.

 

3.

  

4.

 

5.

 

6.

 

 

 

 

 

 

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Status NEW Posted 07 Dec 2017 07:12 AM My Price 10.00

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