A restaurant purchased new kitchen equipment for $35,000. Old kitchen equipment was sold for $800. A long-term
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A restaurant purchased new kitchen equipment for $35,000. Old kitchen equipment was sold for $800. A long-term investment was sold for
$50,000. Equity stock was bought back (repurchased) for $12,000, and a cash dividend was paid in the amount of $40,000. The company increased its long-term debt by $70,000.
a. Determine the net cash flow from investing activities.
b. Determine the net cash flow from financing activities.
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Related Book For 
Hospitality Management Accounting
ISBN: 9780471092223
8th Edition
Authors: Martin G Jagels, Michael M Coltman
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