Task: Analyze the transactions above and indicate whether each transaction resulted in a cash flow from:
(a) operating activities, (b) investing activities, (c) financing activities, or (d) noncash investing and financing activities.
Global Corporation had the following transactions during 2006.
1. Issued $50,000 par value common stock for cash.
2. Collected $11,000 of accounts receivable.
3. Declared and paid a cash dividend of $25,000.
4. Sold a long-term investment with a cost of $15,000 for $15,000 cash.
5. Issued $200,000 par value common stock upon conversion of bonds having a face value of $200,000.
6. Paid $14,000 on accounts payable.
7. Purchased a machine for $30,000, giving a long-term note in exchange.