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11. Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities: Net income $ 5,153 Purchase of
11. Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities:
Net income | $ | 5,153 |
Purchase of property, plant, and equipment | 1,086 | |
Borrowings under line of credit (bank) | 1,126 | |
Proceeds from issuance of stock | 23 | |
Cash received from customers | 37,173 | |
Payments to reduce long-term debt | 65 | |
Sale of marketable securities | 229 | |
Proceeds from sale of property and equipment | 6,892 | |
Dividends paid | 287 | |
Interest paid | 96 | |
Purchase of treasury stock (stock repurchase) | 2,565 | |
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