Question
1 ) The following events occurred last year at Dorder Corporation: Purchase of plant and equipment $26,000 Sale of long-term investment $11,000 Dividends received on
The following events occurred last year at Dorder Corporation: |
Purchase of plant and equipment | $26,000 |
Sale of long-term investment | $11,000 |
Dividends received on long-term investments | $7,000 |
Paid off bonds payable | $14,500 |
Depreciation expense | $13,000 |
Based on the above information, the cash provided (used) by investing activities for the year on the statement of cash flows would net to: |
Last year Burch Corporation's cash account decreased by $33,000. Net cash provided by investing activities was $8,800. Net cash used in financing activities was $29,500. On the statement of cash flows, the net cash flow provided by (used in) operating activities was: |
McCorey Corporation recorded the following events last year: |
Repurchase by the company of its own common stock | $27,000 |
Sale of long-term investment | $46,000 |
Interest paid to lenders | $8,500 |
Dividends paid to the company's shareholders | $56,000 |
Collection by McCorey of a loan made to another company | $32,000 |
Payment of taxes to governmental bodies | $18,500 |
On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities. |
Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be: |
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