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MMLU-Pro / 5260 / Ace Co. issued 1000 shares of its 10parvaluecommonstockfor15 per share…

Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

Ace Co. issued 1000 shares of its 10parvaluecommonstockfor10 par value common stock for 15 per share in cash. How should this transaction be reported in Ace's statement of cash flows for the year of issuance?
Plain-text mathematical notation (without MathML)
Ace Co. issued 1000 shares of its 10parvaluecommonstockfor15 per share in cash. How should this transaction be reported in Ace's statement of cash flows for the year of issuance?
Original LaTeX notation
Ace Co. issued 1000 shares of its $10 par value common stock for $15 per share in cash. How should this transaction be reported in Ace's statement of cash flows for the year of issuance?

category

other

options

  1. $15000 cash inflow from operating activities.
  2. $10000 cash inflow from financing activities and $5000 cash outflow from investing activities.
  3. $15000 cash inflow from financing activities.
  4. No impact on cash flows as it is a non-cash transaction.
  5. $15000 cash flow from investing activities.
  6. $15000 cash outflow from financing activities.
  7. $10000 cash flow from investing activities and $5000 adjustment to arrive at cash flows from operating activities.
  8. $10000 cash inflow from financing activities and $5000 adjustment to arrive at cash flows from operating activities.
  9. $10000 cash outflow from investing activities and $5000 adjustment to arrive at cash flows from financing activities.
  10. $5000 cash inflow from financing activities and $10000 adjustment to arrive at cash flows from operating activities.

src

ori_mmlu-professional_accounting

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Source and history

upstream_id / Original problem ID
5260
task_id
542f3ea9-a371-504a-901c-ea36afc53f1c
task_key
default--test--5260
task_revision_id
1
config / split
default / test

Official source

initial import