he s Consider the following information: Proceeds from sale of bonds for cash Cash interest payments...
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he s Consider the following information: Proceeds from sale of bonds for cash Cash interest payments to bondholders Conversion of bonds into preferred stock Purchase of long-term investment for cash Payment of cash dividends to stockholders Proceeds from long-term note payable Issuance of common stock for cash Payment of interest due on long-term note payable Issuance of common stock for land $1,000,000 25,000 1,000,000 300,000 75,000 500,000 5,000,000 Repurchase of common stock on open market for cash Payment of principal amount due on long-term note payable Acquisition of land in exchange for note payable Receipt of cash dividend income on long-term investments Proceeds from sale of building Proceeds from sale of long-term investment Purchases of equipment 50,000 250,000 125,000 250,000 900,000 40,000 525,000 2,500,000 125,000 Required: Using the appropriate information Part a. Compute the Net Cash Flow from Investing activities. Part b. Compute the Net Cash Flows from Financing activities. he s Consider the following information: Proceeds from sale of bonds for cash Cash interest payments to bondholders Conversion of bonds into preferred stock Purchase of long-term investment for cash Payment of cash dividends to stockholders Proceeds from long-term note payable Issuance of common stock for cash Payment of interest due on long-term note payable Issuance of common stock for land $1,000,000 25,000 1,000,000 300,000 75,000 500,000 5,000,000 Repurchase of common stock on open market for cash Payment of principal amount due on long-term note payable Acquisition of land in exchange for note payable Receipt of cash dividend income on long-term investments Proceeds from sale of building Proceeds from sale of long-term investment Purchases of equipment 50,000 250,000 125,000 250,000 900,000 40,000 525,000 2,500,000 125,000 Required: Using the appropriate information Part a. Compute the Net Cash Flow from Investing activities. Part b. Compute the Net Cash Flows from Financing activities.
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Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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