Question
Given the following information, determine the amount of cash flows from investing and financing activities. 2017 2016 Net income $68,000 $65,320 Investment securities $101,000 $115
Given the following information, determine the amount of cash flows from investing and financing activities.
| | 2017 | 2016 |
| Net income | $68,000 | $65,320 |
| Investment securities | $101,000 | $115 ,200 |
| Land | $143,200 | $98,600 |
| Common stock | $142,500 | $119,500 |
| Interest payable | $12,550 | $10,950 |
The company incurred a $1,480 loss on the sale of investment securities in 2017. The company did not sell land during the year.
A. Cash from Investing activities =
B. Cash from Financing activities =
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College Accounting
Authors: Heintz and Parry
20th Edition
1285892070, 538489669, 9781111790301, 978-1285892078, 9780538489669, 1111790302, 978-0538745192
