The following transactions occurred during the year: a. A new warehouse was purchased for $110,000 cash. b.

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The following transactions occurred during the year:
a. A new warehouse was purchased for $110,000 cash.
b. The company's own common stock was purchased for $22,000.
c. An old warehouse costing $80,000 was sold for $45,000, resulting in a gain of $5,000.
d. The company purchased stock in Boston Beer Inc. for $7,500 cash.
e. Stock of Tazer Inc. was sold for $12,500, resulting in a gain of $7,500.
Required
Use this information to compute cash flows from investing activities.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...
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Financial ACCT2

ISBN: 978-1111530761

2nd edition

Authors: Norman H. Godwin, C. Wayne Alderman

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