Question
Background information: Anne Schippel, business banker, is analyzing Dry Supplys financial statements and has complied a statement of cash flows for 20xz. The investing activities
Background information:
Anne Schippel, business banker, is analyzing Dry Supplys financial statements and has complied a statement of cash flows for 20xz. The investing activities section is shown below.
| DRY SUPPLY STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 12/31/20XZ ($ IN 000S) |
| CASH FLOW FROM INVESTING ACTIVITES |
| Cash flow from investing activities Proceeds from sale of equipment $0 Payment received on note for sale of plant 0 Cash value life insurance decreases (increases) (2) Capital expenditures (17) Net cash provided by investing activities ($19) |
What are some questions Anne Schippel should ask Dry Supply to better understand the investing cash flows of the business?
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