Prepare a cash flow statement from investing activities.

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	Description	$
	Collections on loans	260,000
	Cash paid to acquire plant assets	-3,100,000
	Proceeds from sales of plant assets	580,000
	Decrease in accrued income taxes payable	13,000
	Dividends paid	-120,000
	Depreciation expense	115,000
	Proceeds from issuing bonds payable	2,500,000
	Decrease in accounts receivable	70,000
	Increase in accounts payable to suppliers	8,000
	Loans made to borrowers	-500,000
	Increase in accrued interest payable	9,000
	Increase in accrued interest receivable	3,000
	Increase in inventories	35,000
	Increase in short-term prepayments	5,000
	Gain on sales of marketable securities	4,000
	Decrease in accrued operating expenses payable	29,000

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Answer rating: 100% (QA)

SOLUTION To prepare a cash flow ... View the full answer