Refer to AP2-5. televisions, and projectors. The following is Dell's (simplified) statement of financial position from a
Question:
Refer to AP2-5.
televisions, and projectors. The following is Dell's (simplified) statement of financial position from a recent year:
Assume that the following transactions (in millions of dollars) occurred in the remainder of fiscal year 2010 (ending on February 2, 2010):
a. Issued additional shares for \(\$ 200\) in cash.
b. Borrowed \(\$ 30\) from banks; due in two years.
c. Purchased additional investments for \(\$ 13,000\) cash; one-fifth were long term and the rest were short term.
d. Purchased property, plant, and equipment; paid \(\$ 875\) in cash and \(\$ 1,410\) with additional long-term bank loans.
e. Lent \(\$ 250\) to associated companies that signed a six-month note.
f. Sold short-term investments costing \(\$ 10,000\) for \(\$ 10,000\) cash.
Required:
Based on the transactions that occurred in fiscal year 2010, prepare the investing and financing sections of the Dell's statement of cash flows for that year.
Step by Step Answer:
Financial Accounting
ISBN: 9780070001497
4th Canadian Edition
Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby