Cash Flow from Investing Activities Using the information for the Seville Corporation, calculate the cash flow from
Fantastic news! We've Found the answer you've been seeking!
Question:
Cash Flow from Investing Activities Using the information for the Seville Corporation, calculate the cash flow from investing activities.
Accounts payable increase | $12,600 |
Accounts receivable increase | 5,600 |
Accrued liabilities decrease | 4,200 |
Amortization expense | 6,000 |
Cash balance, January 1 | 22,000 |
Cash balance, December 31 | 15,000 |
Cash paid as dividends | 29,000 |
Cash paid to purchase land | 126,000 |
Cash paid to retire bonds payable at par | 60,000 |
Cash received from issuance of common stock | 35,000 |
Cash received from sale of equipment | 23,800 |
Depreciation expense | 29,000 |
Gain on sale of equipment | 4,000 |
Inventory decrease | 13,000 |
Net income | 106,400 |
Prepaid expenses increase | 2,000 |
Use a negative sign with answer to show cash outflow from (used by) investing activities.
Cash flow from (or used by) investing activities
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
Posted Date: