When preparing a company's statement of cash flows for the most recent year, the following information is
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Question:
When preparing a company's statement of cash flows for the most recent year, the following information is available:
Loss on equipment sales | $ 14,300 |
Purchase of equipment | 148.000 |
Income from the sale of equipment | 129,000 |
Redemption of pending bonuses | 88,500 |
Purchase of own shares | 63,500 |
Issuance of ordinary shares | 97,500 |
Purchase of land | 118,000 |
Increase in accounts receivable during the year | 44.500 |
Decrease in accounts payable during the year | 76,500 |
Payment of dividends in cash | 36,500 |
What were the Net cash flows from investing activities for the year?
Related Book For
Financial Accounting: A Business Process Approach
ISBN: 978-0136115274
3rd edition
Authors: Jane L. Reimers
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