J Corp.  net income for the year ended December 31, Year 2 was $203,000. Information from Jordan’s comparative balance sheets is given below. Compute the cash received from the sale of its common stock during Year 2.

On February 15, Jewel Company buys bonds of Marcelo Corporation for $200,500. The investment is classified as available-for-sale securities. This is the company’s first and only investment in available-for-sale securities. On December 31, the bonds had a fair value of $201,300. The entry to record the year-end adjustment is:

A controlling influence over the investee is based on the investor owning voting stock exceeding:

A machine with a cost of $140,000 and accumulated depreciation of $90,000 is sold for $44,000 cash. The amount of the loss related to the sale of this machine should be reported in the operating section under the indirect method is:

Maclean Corporation owns 40% of Gondor Company's common stock. Maclean received $44,800 in cash dividends from Grist. The entry to record the cash dividend received from Grist would include a:

Use the following information and the indirect method to calculate the net cash provided or used by operating activities:

Laxco Corporation buys $430,000 of Smith Company's 8%, 5-year bonds payable, at par value on September 1. Interest payments are made semiannually. Laxco plans and has the ability to hold the bonds for the 5-year life. The journal entry to record the purchase should include:

In preparing a company's statement of cash flows using the indirect method, the following information is available:

For each of the following note the section of the cash flow statement each item would appear. 

Choices are Operating, Investing, Financing or Non-Cash Investing & Financing.

In preparing a company's statement of cash flows for the most recent year, the following information is available: