accounting 1

Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities: $ 3,835 Now Net income Purchase of equipment Borrowings under line of credit (bank) Proceeds from issuance of common stock Cash received from customers Payments to reduce notes payable (long-term) Sale of investments Proceeds from sale of equipment Dividends paid Interest paid 28,864 43 131 6,294 SNN Required: Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated with a minus sign.) MODERN MOVABLES CORPORATION Statement of Cash Flows (Partial) Cash Flows from Investing Activities: Cash Flows from Financing Activities: Based on the following information, compute cash flows from financing activities under GAAP. Purchase of investments Dividends paid Interest paid Additional borrowing from bank $ 150 1,100 300 2,300 Cash Flows from Financing Activities