Week 5 Assignment Wiley

2002 words 9 pages
E13-1
Pioneer Corporation had these transactions during 2011.
(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.
Instructions
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
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|
|Plant assets (net) | | 396,000 | | 330,000 | |( 66,000 | |(20.0%) |
|Total assets | |$521,000 | |$430,000 | |91,000 | |(21.2%) |
| | | | | | | | | |
|Liabilities | | | | | | | | |
| | | | | | | | | |
|Current liabilities | |$ 91,000 | |$ 70,000 | |($21,000) | |(30.0%) |
|Long-term liabilities | | 133,000 | | 95,000 | |( 38,000) | |(40.0%) |
|Total liabilities | | 224,000 | | 165,000 | |( 59,000) | |(35.8%) |
| | | | | | | | | |
|Stockholders’ Equity | | | | | | |

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