Style Squared provided the following information on transactions that occurred d
ID: 2699040 • Letter: S
Question
Style Squared provided the following information on transactions that occurred during the year:
a. An old plant was purchased for $300,000 was sold for $93,000.
b. Style squared purchased $45,000 in stock from Avett Systems.
c. A new production plant was purchased for $550,000 cash.
d. Stock in Iver Inc. was sold for $23,000.
e. New equipment was purchased for $13,000.
Use this information to compute cash flows from investing activities. Enter your answers in the shaded boxes below. A couple of boxes have been completed for you.
Explanation / Answer
Cash Flow from Investing Activities
Old Plant sold $93000
Stock of Style Squared Purchased - $45000
Plant Purchased - $550,000
Equipment Purchased - $13,000
Stock of Iver Inc sold $23000
Cash Flow from Investing Activities - $492,000
Cash outfow from Investing Activities $492,000