(L.OBJ, 3) Computing investing and financing cash flows [10 min] White Media Corporatio...

(L.OBJ, 3) Computing investing and financing cash flows [10 min]

White Media Corporation had the following Income Statement and Balance Sheet for 2011:

Requirement

1. Compute for White Media Corporation during 2011 the

a. Acquisition of equipment. The business sold no equipment during the year.

b. Payment of a long-term note payable. During the year the business issued a $5,100 note payable.