Indicate for each of the following transactions, what should be disclosed on the Statement of Cash Flows by completing the table below. Place brackets around amounts listed as outflows, do not use minus signs.
Purchased Equipment for $70,000 paying 20% in cash and issuing a 3-year note for the balance.
Cash dividends paid $60,000
Amortization of patents $3,000
Machinery that cost $100,000 and had accumulated depreciation of $48,000 was sold for $53,000
Inventory at January 1 - $27,000 and December 31 - $44,000
Issued 6,000 $10 par Ordinary Shares with fair value of $15 per share for retirement of a 5-year note
Statement of Cash Flows Section Amount ($) Significant Non-Cash Transaction ($)
Inflows/Plus (Outflows/Minus) Investing Financing