Oerings Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following
Question:
Oering’s Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities:
Required:
Based on this information, present the investing and financing activities sections of the cash flow statement.
Transcribed Image Text:
Net income Purchase of property, plant, and equipment Borrowings under line of credit (bank) Proceeds from issuance of stock Cash received from customers Payments to reduce long-term debt Sale of marketable securities Proceeds from sale of property and equipment Dividends paid Interest paid Purchase of treasury stock (stock repurchase) $ 5,135 2,071 1,117 11 37,164 46 219 6,894 277 90 2,583
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Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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