using: Operating activities,Investing activities,financing activites, non-cash w

Question

using: Operating activities,Investing activities,financing activites, non-cash when preparing the statement of cash flows 1. sale of 2,000 shares of common stock above par value 2.puchase of equipment of $50,000 cash 3.receipt of $2,000 interest from investments 4.declaration and payment of $50,000 cash dividends 5.acquisition of land by issuing common stock at par 6.payments to creditors for purchases of merchandise 7.the controller issued a $100,000 check payable to the CEO in order for him to pay-off a blackmail demand resulting from an extramarital affair 8.the controller embezzeled $50,000 to pay off his gambling debt PART 2 indicate Addition,Reduction,No Effect, Retained Earnings 1.net loss for current year 2.declaration of cash dividend 3.distribution of shares in a 2 for 1 stock split 4.sale of common stock above par value

Explanation / Answer

$3000

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