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Alpine Associates Incorporated is a Washington - based clothing and ski / skate accessories retailer. In a recent quarter, it reported the following activities: Net
Alpine Associates Incorporated is a Washingtonbased clothing and skiskate accessories retailer. In a recent quarter, it reported the following activities:
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 longterm
Proceeds from sale of marketable securities
Purchase of marketable securities
Income taxes paid
other fixed assets purchased with promissory notes
$
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.
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