Combining the following information, compute the total amount of (1) cash flow from investing activities and (2)

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Combining the following information, compute the total amount of (1) cash flow from investing activities and (2) cash flow from financing activities.
(a) Purchased a building for $120,000. Paid $40,000 and signed a mortgage with the seller for the remaining $80,000.
(b) Executed a debt-equity swap: replaced a $67,000 loan by giving the lender shares of common stock worth $67,000 on the date the swap was executed.
(c) Purchased land for $100,000. Signed a note for $35,000 and gave shares of common stock worth $65,000.
(d) Borrowed $56,000 under a long-term loan agreement. Used the cash from the loan proceeds as follows: $15,000 for purchase of additional inventory, $30,000 to pay cash dividends, and $11,000 to increase the cash balance.

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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Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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