The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers...
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The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable. Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory. Interest on notes payable Purchase of equipment Salaries to employees i Payment of notes payable Dividends to shareholders $400,000 16,000 64,500 36,700 120,000 Cash flows from investing activities: 180,000 15,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Net cash flows from investing activities 105,000 110,000 35,000 1,000 MARIGOLD COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 $ 0 The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable. Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory. Interest on notes payable Purchase of equipment Salaries to employees i Payment of notes payable Dividends to shareholders $400,000 16,000 64,500 36,700 120,000 Cash flows from investing activities: 180,000 15,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Net cash flows from investing activities 105,000 110,000 35,000 1,000 MARIGOLD COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 $ 0
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To calculate the net cash flows from investing activities we need to consider all the cash inflows ... View the full answer
Related Book For
Interpreting and Analyzing Financial Statements
ISBN: 978-0132746243
6th edition
Authors: Karen P. Schoenebeck, Mark P. Holtzman
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