1. On March 5, Spartan sold stock in another company for $12,300. Spartan bought the stock on February 14 for $10,100. Identify and analyze the transaction on Spartan’s books on March 5. 2. Wildcat...

1. On March 5, Spartan sold stock in another company for $12,300. Spartan bought the stock on February 14 for $10,100. Identify and analyze the transaction on Spartan’s books on March 5.

2. Wildcat started the year with $25,000 in accounts receivable and ended the year with $40,000 in the account. Describe how information regarding the company’s accounts receivable should be refl ected on its statement of cash fl ows, assuming use of the indirect method.