E14-1 Pioneer Corporation had these transactions during 2008.

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E14-1 Pioneer Corporation had these transactions during 2008.

(a) Issued $50,000 par value common stock for cash.

(b) Purchased a machine for $30,000, giving a long-term note in exchange.

(c) Issued $200,000 par value common stock upon conversion of bonds having a face value of
$200,000.

(d) Declared and paid a cash dividend of $18,000.

(e) Sold a long-term investment with a cost of $15,000 for $15,000 cash.

(f) Collected $16,000 of accounts receivable.

(g) Paid $18,000 on accounts payable

Instructions

Analyze the transactions and indicate whether each transaction resulted in a cash flow from
operating activities, investing activities, financing activities, or noncash investing and financing
activities.