Question Details

Indicate where the event purchased land for cash 


1.	Indicate where the event paid income taxes would appear, if at all, on the statement of cash flows.
a.	Operating activities section
b.	Investing activities section
c.	Financing activities section
d.	Does not represent a cash flow

2.	Indicate where the event ordinary shares issued for cash would appear, if at all, on the indirect statement of cash flows.
a.	Operating activities section
b.	Investing activities section
c.	Financing activities section
d.	Does not represent a cash flow


	3.	Indicate where the event purchased land for cash would appear, if at all, on the indirect statement of cash flows.
a.	Operating activities section
b.	Investing activities section
c.	Financing activities section
d.	Does not represent a cash flow


	4.	Indicate where the event purchased land and a building with a mortgage would appear, if at all, on the indirect statement of cash flows.
a.	Operating activities section
b.	Investing activities section
c.	Financing activities section
d.	Does not represent a cash flow


	5.	Joy Elle- Vegetable Market had the following transactions during 2011:
1.	Issued $50,000 of par value ordinary shares for cash.
2.	Repaid a 6 year note payable in the amount of $22,000. 
3.	Acquired land by issuing ordinary shares of par value $100,000.
4.	Declared and paid a cash dividend of $2,000. 
5.	Sold a non-current investment (cost $63,000) for cash of $6,000. 
6.	Acquired an investment in IBM shares for cash of $12,000. 
What is the net cash provided by financing activities?
a.	$26,000
b.	$50,000
c.	$28,000
d.	$18,000




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