State the effect (cash receipt or payment and amount) of each of the following transactions, considered individually, on cash flows: Retired $330,000 of bonds, on which there was $3,300 of unamortized discount, for $343,000. Sold 7,000 shares of $20 par common stock for $39 per share. Sold equipment with a book value of $61,000 for $87,800. Purchased land for $352,000 cash. Purchased a building by paying $92,000 cash and issuing a $120,000 mortgage note payable. Sold a new issue of $160,000 of bonds at 98. Purchased 4,700 shares of $40 par common stock as treasury stock at $77 per share. Paid dividends of $2.20 per share. There were 24,000 shares issued and 4,000 shares of treasury stock. Effect Amount a. $ b. $ c. $ d. $ e. $ f. $ g. $ h. $

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.