Wi-fi inc has the following selected transactions during


Question: Wi-Fi, Inc., has the following selected transactions during the year.

1. Issues $20 million in bonds.

2. Purchases equipment for $80,000.

3. Pays a $20,000 account payable.

4. Collects a $15,000 account receivable.

5. Exchanges land for a new patent. Both are valued at $300,000.

6. Declares and pays a cash dividend of $100,000.

7. Loans $50,000 to a customer, accepting a note receivable.

8. Pays $75,000 to suppliers for inventory.

Required: Indicate in which section of the statement of cash flows each of these items would be reported: operating activities (indirect method), investing activities, financing activities, or a separate noncash activities note.

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Finance Basics: Wi-fi inc has the following selected transactions during
Reference No:- TGS02317821

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