Purchase investment in bonds for $115,000. sell land costing $40,000 for only $31,000, resulting in a $9,000 loss on sale of land. purchase $70,000 in equipment by issuing a $70,000 long-term note payable to the seller. no cash is exchanged in the transaction. declare and pay a cash dividend of $30,000. required prepare the statement of cash flows using the indirect method.

Southeastern oklahoma state university's business program has the facilities and faculty to handle an enrollment of 2,000 new students per semester. however, in an effort to limit class sizes to a "reasonable" level (under 200 generally), southeastern's dean, holly lutze, placed a ceiling on enrollment of 1,600 new students. although there was ample demand for business courses last semester, conflicting schedules allowed only 1,440 new students to take business courses.the utilization rate for southeastern=%the efficiency rate for southeastern=%