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During 2010, Maroon and Gold Corporation Incurred the Following Events

Question 83

Essay

During 2010, Maroon and Gold Corporation incurred the following events and transactions.
March 15 Purchased an automobile for $15,000 with a 3-year, 5% note payable. The first payment is due March 15, 2011.
May 7 Purchased a building for $500,000 cash.
May 16 Declared a $10,000 cash dividend to all stockholders of record on June 30.
August 1 Paid the dividend declared on May 16.
August 15 Issued 100, $1,000 bonds at 101.
September 3 Received $4,000 of interest revenue on a long-term investment.
October 20 Sold a long-term investment originally costing $200,000 for $325,000 cash.
November 5 Purchased $6,500 of treasury stock.
December 1 Declared a $9,000 cash dividend to all stockholders of record on December 26. The dividend will be paid January 18.
Required:
Prepare the investing and financing sections of Maroon and Gold Corporation's statement of cash flows. If any of the above items are not included in the investing or financing sections of the statement of cash flows, discuss where they are included on the statement or why they are not included.

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*Note: The $125,000 gain would be shown...

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