In preparing a company\'s statement of cash flows for the most recent year, the
ID: 2462671 • Letter: I
Question
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 $14,400, Purchase of equipment 149,000, Proceeds from the sale of equipment 130,000, Repayment of outstanding bonds 89,000, Purchase of treasury stock 64,000, Issuance of common stock 98,000, Purchase of land 119,000, Increase in accounts receivable during the year 45,000, Decrease in accounts payable during the year 77,000, Payment of cash dividends 37,000.
Net cash flows from investing activities for the year were:
Explanation / Answer
Net Cash Flow from Investing Activities Purchase of Equipment -149000 Proceeds from Sales 130000 Purchase of Land -119000 Cash Flow from Investing Activities -138000