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5 Company A had the following activities during the year (all transactions are for cash unless stated otherwise): a. A bulding with a book value
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Company A had the following activities during the year (all transactions are for cash unless stated otherwise): a. A bulding with a book value of $406,000 was sold for $506,000. b. Additional common stock was issued for $166,000. c. Company A purchased its own common stock as treasury stock at a cost of $78,000. d. Land was acquired by issuing a 6%,10-year, $756,000 note payable to the seller. e. A dividend of $46,000 was paid to shareholders. f. An investment in Company B's common stock was made for $126,000. g. New equipment was purchased for $68.000. h. A $93.000 note payable issued three years ago was paid in full. 1. A loan for $106,000 was made to one of Company A's suppliers. The supplier plans to repay Company A this amount plus 10% interest within 18 months. Required: Calculate net cash flows from investing activities. (Cash outflows should be indicated with a minus sign.) Step by Step Solution
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