D&D Company reports select items from its statement of cash flows. Identify those items related to...

Transcribed Image Text:

D&D Company reports select items from its statement of cash flows. Identify those items related to investing activities and compute net cash flows from investing activities. Activity Cash paid to purchase property Cash from selling merchandise Cash paid for income taxes Cash received from a long-term note Cash paid to repurchase stock Cash received from sale of investments Cash received from issuing equity shares Cash paid to purchase merchandise Cash paid to purchase investment securities Cash paid in salaries and wages Note: Cash outflows should be indicated by a minus sign. Amount $ 400,000 688,000 135,000 850,000 100,000 40,000 500,000 710,000 50,000 410,000 Activity Amount Cash received from a long-term note Cash paid to purchase property Cash paid for income taxes (400,000) 40,000 Cash paid to purchase investment securities (50,000) Net cash flows from investing activities $ (410,000) D&D Company reports select items from its statement of cash flows. Identify those items related to investing activities and compute net cash flows from investing activities. Activity Cash paid to purchase property Cash from selling merchandise Cash paid for income taxes Cash received from a long-term note Cash paid to repurchase stock Cash received from sale of investments Cash received from issuing equity shares Cash paid to purchase merchandise Cash paid to purchase investment securities Cash paid in salaries and wages Note: Cash outflows should be indicated by a minus sign. Amount $ 400,000 688,000 135,000 850,000 100,000 40,000 500,000 710,000 50,000 410,000 Activity Amount Cash received from a long-term note Cash paid to purchase property Cash paid for income taxes (400,000) 40,000 Cash paid to purchase investment securities (50,000) Net cash flows from investing activities $ (410,000)