Accounting > QUESTIONS & ANSWERS > Acct 557 chapter 23 Solutions 2021 (All)
Acct 557 chapter 23 Solutions 2021
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BE23-1 Your answer is correct. Wainwright Corporation had the following activities in 2012. 1. Sale of land $180,000 2. Purchase of inventory $845,000 3. Purchase of treasury stock $72,000 4. Pu... rchase of equipment $415,000 5. Issuance of common stock $320,000 6. Purchase of available-for-sale securities $59,000 Compute the amount Wainwright should report as net cash provided (used) by investing activities in its statement of cash flows. (Enter amount as positive.) $ 294000 used BE23-2 Your answer is correct. Stansfield Corporation had the following activities in 2012. 1. Payment of accounts payable $770,000 2. Issuance of common stock $250,000 3. Payment of dividends $350,000 4. Collection of note receivable $100,000 5. Issuance of bonds payable $510,000 6. Purchase of treasury stock $46,000 [Show More]
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