CHAPTER $11$ Statement of Cash Flows

E$11-11$ Portions of the financial statements for Peach Computer are provided below.

Calculate

activities

method

PEACH COMPUTER

Selected Balance Sheet Data

December $31$

Required:

Prepare the operating activities section of the statement of cash flows for Peach Computer using the indirect method.

$1-12$ Dristell Inc. had the following activities during the year $($all transactions are for cash unless stated otherwise$)$:

A building with a book value of $$400,000$ was sold for $$500,000.$

Additional common stock was issued for $$160,000.$

Dristell purchased its own common stock as treasury stock at a cost of $$75,000.$

Land was acquired by issuing a $6\%,10-$year, $$750,000$ note payable to the seller.

A dividend of $$40,000$ was paid to shareholders.

if$.$ An investment in Fleet Corp.$\text{'}$s common stock was made for $$120,000.$

$-8.$ New equipment was purchased for $$65,000.$

Fh$.$ A $$90,000$ note payable issued three years ago was paid in full.

$-$i$.$ A loan for $$100,000$ was made to one of Dristell's suppliers. The supplier plans to repay Dristell this amount plus $10\%$ interest within $18$ months.

Required:

Calculate net cash flows from investing activities.

E$11-13$ Refer to the information in E$11-12.$

Required:

Calculate net cash flows from financing activities.