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An analysis of the income statement and the balance sheet accounts of XYZ on December 31, 2019 provides the following information: Cash Receipts : Sale
An analysis of the income statement and the balance sheet accounts of XYZ on December 31, 2019 provides the following information:
Cash Receipts:
Sale of Common stock.250,000
Sale of equipment (at $34,000 loss)156,000
Sale of land (at $50,000 gain).160,000
Cash Payments:
Purchase of equipment..178,000
Purchase of treasury stock 45,000
Retirement of debt 36,500
Dividends on preferred and common stock. 75,000
Instructions
a. Prepare the investing activities section of a statement of cash flows. Place brackets around amounts representing cash outflows
An analysis of the income statement and the balance sheet accounts of XYZ on December 31, 2019 provides the following information:
Cash Receipts:
Sale of Common stock.250,000
Sale of equipment (at $34,000 loss)156,000
Sale of land (at $50,000 gain).160,000
Cash Payments:
Purchase of equipment..178,000
Purchase of treasury stock 45,000
Retirement of debt 36,500
Dividends on preferred and common stock. 75,000
Instructions
a. Prepare the investing activities section of a statement of cash flows. Place brackets around amounts representing cash outflows
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