Question

To prepare its statement of cash flows for the year ended December 31, 2012, McKinney Carterette Cataloging Specialists, Inc., gathered the following information:
Dividends paid ............... $ 17,750
Purchase of treasury stock .......... 25,000
Proceeds from bank loan ............ 55,000
Gain on sale of equipment .......... 15,000
Proceeds from sale of equipment ........ 30,000
Proceeds from sale of common stock ...... 175,000

Requirements
1. Prepare the cash from investing section of the statement of cash flows.
2. Prepare the cash from financing section of the statement of cash flows.



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  • CreatedSeptember 01, 2014
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