Question: Please answer this with solutions if possible. Thanks! The following transactions occurred at BBS Company in 2022. 1. The company purchased a new building for
Please answer this with solutions if possible. Thanks!
The following transactions occurred at BBS Company in 2022. 1. The company purchased a new building for $348,000. A down payment of $58,000 was made. The balance is due in four equal annual installments (plus interest) beginning July 1,2023. 2. The company bought 1,000 shares of its own common stock for $28,000. 3. The company purchased as an investment $59,000 par value of Ridge Company's 8 percent bonds, maturing in five years. The purchase price was $57,000. Required: Compute the company's net cash flow from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
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