Refer to the information in PE 2-15. Use that information to compute cash flow from financing activities.
Question:
Refer to the information in PE 2-15. Use that information to compute cash flow from financing activities.
Data from PE 2-15
Cash Infl ow (Outfl ow)
a. Cash received from sale of a building . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 5,600
b. Cash paid for interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (450)
c. Cash paid to repay a loan . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,000)
d. Cash collected from customers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000
e. Cash paid for dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (780)
f. Cash paid for income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1,320)
g. Cash received upon the issuance of new shares of stock . . . . . . . . . . . . . . . . . . 3,000
h. Cash received from tenants renting part of a building . . . . . . . . . . . . . . . . . . . . . 600
i. Cash paid to purchase land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (12,000)
Step by Step Answer:
Accounting concepts and applications
ISBN: 978-0538745482
11th Edition
Authors: Albrecht Stice, Stice Swain