Question: ABC Co.'s cash flows for the current year include the following: Purchase of equipment $830,000 Note payable issued $300,000 Sale of equity securities investment $500,000
ABC Co.'s cash flows for the current year include the following:
- Purchase of equipment $830,000
- Note payable issued $300,000
- Sale of equity securities investment $500,000
- Purchase of treasury shares $950,000
- Interest paid on debt $10,000
Please answer the following. Note: Outflows should be shown as negative numbers.
- What is the total amount of these cash flows that will be reported in the investing section of the cash flow statement?
- What is the total amount of these cash flows that will be reported in the financing section of the cash flow statement?
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