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Brewer, Incorporated, is a manufacturer of steel products for customers such as Home Depot, Lowes, Chrysler, Ford, and General Motors. In the year ended December
Brewer, Incorporated, is a manufacturer of steel products for customers such as Home Depot, Lowes, Chrysler, Ford, and General Motors. In the year ended December 31, 2018, it reported the following activities (amounts in thousands):
Net income | $ 64,100 |
---|---|
Purchase of equipment | 17,760 |
Payments on notes payable to bank | 430 |
Net proceeds from stock issuance | 1,430 |
Depreciation | 20,550 |
Proceeds from sale of equipment | 3,270 |
Decrease in accounts receivable | 9,760 |
Payments to acquire treasury stock | 7,540 |
Required:
Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in thousands.)
BREWER, INCORPORATED Statement of Cash Flows (Partial) For the Year Ended December 31, 2018 Cash Flows from Investing Activities: Cash Flows from Financing ActivitiesStep by Step Solution
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