When preparing a company's statement of cash flows for the year just ended, the following information is
Fantastic news! We've Found the answer you've been seeking!
Question:
When preparing a company's statement of cash flows for the year just ended, the following information is available:
Loss on equipment sales | $14,000 |
Purchase of equipment | $225,000 |
Income from the sale of equipment | $106,000 |
Redemption of pending bonuses | $87,000 |
Purchase of own shares | $25,000 |
Issuance of ordinary shares | $96,000 |
Purchase of land | $115,000 |
Increase in accounts receivable during the year | $33,000 |
Decrease in accounts payable during the year | $75,000 |
Payment of dividends in cash | $35,000 |
What were the Net cash flows from financing activities for the year ?
Related Book For
Intermediate Accounting
ISBN: 978-0077400163
6th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date: