Exercise 11-10 (Algo) Calculate investing cash flows (LO11-4) The following summary transactions occurred during the year for
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Exercise 11-10 (Algo) Calculate investing cash flows (LO11-4)
The following summary transactions occurred during the year for Daisy.
Cash received from: | |
---|---|
Collections from customers | $392,000 |
Interest on notes receivable | 12,000 |
Collection of notes receivable | 60,500 |
Sale of investments | 35,100 |
Issuance of notes payable | 112,000 |
Cash paid for: | |
Purchase of inventory | 172,000 |
Interest on notes payable | 11,000 |
Purchase of equipment | 97,000 |
Salaries to employees | 102,000 |
Payment of notes payable | 31,000 |
Dividends to shareholders | 1,000 |
Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
Related Book For
Posted Date: