Wiley Assignment Week 5
| E13-1
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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.
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| (b)
| Purchased a machine for $30,000, giving a long-term note in exchange.
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| (c)
| Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.
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| (d)
| Declared and paid a cash dividend of $18,000.
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| (e)
| Sold a long-term investment with a cost of $15,000 for $15,000 cash.
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| (f)
| Collected $16,000 of accounts receivable.
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| (g)
| Paid $18,000 on accounts payable.
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