Homework Answers
Solution:
| Katie Co. | ||
| Statement of Cash Flows (Partial) | ||
| For the year Ended 2016 | ||
| Particulars | Details | Amount |
| Cash Flow from Investing Activities: | ||
| Purchase of investment | -$204,000.00 | |
| Sale of investment | $208,000.00 | |
| Net Cash used in Investing activities | $4,000.00 | |
| Cash Flow from Financing Activities: | ||
| Issuance of notes | $96,000.00 | |
| Repayment of notes | -$140,000.00 | |
| Net Cash used in financing activities | -$44,000.00 | |
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Topic: Investing and financing cash flows LO: 4 12. During 2016, Katie Company's long-term investments account...
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2. Operating, investing, and financing activities and cash flows The statement of cash flows reports a...
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