State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: a. Retired $300,000 of bonds, on which there was $3,000 of unamortized discount, for $312,000.
b. Sold 7,000 shares of $20 par common stock for $50 per share.
c. Sold equipment with a book value of $48,800 for $70,300.
d. Purchased land for $479,000 cash.
e. Purchased a building by paying $93,000 cash and issuing a $90,000 mortgage note payable.
f. Sold a new issue of $300,000 of bonds at 98.
g. Purchased 3,200 shares of $35 par common stock as treasury stock at $69 per share.
h. Paid dividends of $2.10 per share. There were 22,000 shares issued and 4,000 shares of treasury stock.

a. Retired $300,000 of bonds, on which there was $3,000 of unamortized discount, for $312,000.

decrease cash flows from financing activities by $312,000

b. Sold 7,000 shares of $20 par common stock for $50 per share.

Increased cash flows from financing activities by $350,000

c. Sold equipment with a book value of $48,800 for $70,300.

increased cash flows from investing activities by $70,300, decrease cash flows from operating activities by $21,500 (= $70,300 - $48,800)

d. Purchased land for $479,000 cash.

decrease cash flow from financing activities by $479,000

e. Purchased a building by paying $93,000 cash and issuing a $90,000 mortgage note payable.

decrease cash flow from investing activities by $183,000, and increase cash flow from financing activities by $90,000

f. Sold a new issue of $300,000 of bonds at 98.

increase cash flows from financing activities by $294,000

g. Purchased 3,200 shares of $35 par common stock as treasury stock at $69 per share.

decrease cash flows from financing activities by $220,800

h. Paid dividends of $2.10 per share. There were 22,000 shares issued and 4,000 shares of treasury stock.

decrease cash flows from financing activities by $37,800

it's d. out with the planting and harvest of the crops.

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