In preparing Ivanhoe Company’s statement of cash flows for the year ended December 31, 2018, Collect...
In preparing Ivanhoe Company’s statement of cash flows for the
year ended December 31, 2018,
| Collect note receivable | $613,000 | ||
| Issue bonds payable | 649,000 | ||
| Purchase treasury stock | 308,000 |
What amount should be reported on Ivanhoe Company’s statement of
cash flows for investing activities?
a- $305000
b- $613000
c- $1262000
d- $341000
Homework Answers
In the statement of cash flows, Note receivable collection of $613,000 would be shown under 'Cash flow from investing activities' section.
Correct option is (b)
Issue of bonds payable and purchase of treasury stock are financing activities and hence these will be shown under financing activities section of the statement of cash flows.
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