Question

To prepare its statement of cash flows for the year ended December 31, 2012, N.C. Lewis Technology International, Inc., gathered the following information:
Dividends declared ............. $ 25,000
Dividends paid .............. 18,000
Proceeds from sale of treasury stock ..... 55,000
Repayment of loan principal ........ 27,000
Payment of interest on loan ......... 270
Loss on sale of machinery .......... 1,500
Proceeds from sale of machinery ...... 6,000
Purchase of machinery .......... 48,700

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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