Question: The following events occurred at Electric Research Inc during the

The following events occurred at Electric Research, Inc., during the year ended June 30, 2010:
July 25 Signed a note with Local First Bank for $25,000
August 8 Purchased equipment for $50,000 cash
October 15 Sold old equipment for $20,100, resulting in a $100 gain
January 24 Issued bonds for $150,000
March 20 Purchased new delivery vehicles for $32,000 cash
April 15 Paid cash dividends of $2,500
June 30 Paid interest expense with $2,300 cash to Local First Bank
Compute Electric Research, Inc.’s net cash flow from (1) investing activities and from (2) financing activities for the year ended June 30, 2010.


View Solution:


Sale on SolutionInn
Sales0
Views93
Comments
  • CreatedSeptember 01, 2014
  • Files Included
Post your question
5000