In preparing a company's statement of cash flows for the most
recent year, the following information is available:
Loss on the sale of equipment $14,000
Purchase of equipment $145,000
Proceeds from the sale of equipment $126,000
Repayment of outstanding bonds $87,000
Purchase of treasury stock $62,000
Issuance of common stock $96,000
Purchase of land $115,000
Increase in accounts receivable during the year $43,000
Decrease in accounts payable during the year $75,000
Payment of cash dividends $35,000
Net cash flows from financing activities for the year were:
A. $206,000 of net cash used by financing activities.
B. $130,000 of net cash used by financing activities.
C. $222,000 of net cash used by financing activities.
D. $88,000 of net cash used by financing activities.
E. $165,000 of net cash used by financing activities.
Cash Flows from Financing Activities = -87,000 - 62,000 + 96,000 - 35,000 = - 88,000 Option D is the answer |
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In preparing a company's statement of cash flows for the most recent year, the following information...
In preparing a company's statement of cash flows for the most recent year, the following information is available:Loss on the sale of equipment $14,000Purchase of equipment $145,000Proceeds from the sale of equipment $126,000Repayment of outstanding bonds $87,000Purchase of treasury stock $62,000Issuance of common stock $96,000Purchase of land $115,000Increase in accounts receivable during the year $43,000Decrease in accounts payable during the year $75,000Payment of cash dividends $35,000Net cash flows from investing activities for the year were:A. $206,000 of net cash used...
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