Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculate out the appropriate Cash Flow from Investing (CFI) and Cash Flow from Financing (CFF) Spade Corp. has the following activities during the quarter: 1.

image text in transcribed
image text in transcribed
Calculate out the appropriate Cash Flow from Investing (CFI) and Cash Flow from Financing (CFF) Spade Corp. has the following activities during the quarter: 1. Purchased equipment with cash for $333,000. 2. Sold equipment for $123,400 in cash for a gain of $5,100. The equipment had an original cost of $189,000 and an accumulated depreciation of $70,700. 3. Purchased investments for $91,000 in cash. 4. Borrowed $20,500 in cash from the bank 5. Paid off $45,700 of principal in outstanding bank loans 6. Issued 90,750 shares of common stock for 5650,750 in cash 7. Paid dividends of $70,900 to shareholders What is Spade Corp's Cash Flow from Investing? If the Cash Flow from investing is negative. be sure to input a negative number (i.e. -12345) by using a - sign, not parentheses. Use the following numeric format 12345 (no dollar signs. no commas). What is Spade Corp's Cash Flow from Investing? If the Cash Flow from Investing is negative, be sure to input a negative number (i.e. -12345) by using a - sign, not parentheses. Use the following numeric format 12345 (no dollar signs, no commas). What is Spade Corp's Cash Flow from Financing? If the Cash Flow from Financing is negative, be sure to input a negative number (i.e. -12345) by using a - sign, not parentheses. Use the following numeric format 12345 (no dollar signs, no commas)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Quality Assessment Manual For The Internal Audit Activity

Authors: The Internal Audit Foundation

2017 Edition

0894139975, 978-0894139970

More Books

Students also viewed these Accounting questions