Question: In preparing a Vaughan Company's statement of cash flows for the year just ended, the following information is available: Loss on sale of equipment $14,000
In preparing a Vaughan Company's statement of cash flows for the year just ended, the following information is available: Loss on sale of equipment $14,000 Purchase of equipment with cash $225,000 Cash proceeds for the sale of equipment $106,000 Cash re-payment of outstanding bonds $87,000 Cash purchase of treasury stock $25,000 Issuance of common stock for cash $96,000 Purchase of land with cash $115,000 Increase in A/R during the year $33,000 Decrease in A/P during the year $75,000 Payment of cash dividends $35,000 Net cash flows from financing activities for the year were: O A. $347,000 of net cash outflow OB. $51,000 of net cash outflow OC. $26,000 of net cash outflow OD. $147,000 of net cash outflow Click to select your
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