Detailed Question: Present in a Direct or Indirect method format for the Cash Funds Flow Statement?
Some Additional Information
1. Long term investments were purchased for $30,000.
2. Land was purchased by issuing a $50,000 note payable.
3. Equipment was purchased for $75,000 in cash.
4. The machine sold had an original cost of $35,000 with a book value of $20,000 at the time of the sale. Cash was received for the full amount of the selling price.
5. Bonds with a face value of $60,000 were retired by Uconn Corp. during 2015. Cash was paid by Uconn Corp. to retire these bonds.
6. Capital Stock was issued in exchange for $25,000 in cash.
