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Cash Flow from Investing Activities During 20X1, Craig Company had the following transactions: A. Purchased $199,000 of 10-year bonds issued by Makenzie Inc. B.
Cash Flow from Investing Activities During 20X1, Craig Company had the following transactions: A. Purchased $199,000 of 10-year bonds issued by Makenzie Inc. B. Acquired land valued at $70,900 in exchange for machinery. C. Sold equipment with original cost of $541,000 for $330,900; accumulated depreciation taken on the equipment to the point of sale was $180,200. D. Purchased new machinery for $120,100. E. Purchased common stock in Lemmons Company for $54,200. Required: 2. Prepare the net cash from investing activities section of the statement of cash flows. (Note: Use a minus sign to indicate any decreases in cash or cash outflows.) Craig Company Statement of Cash Flows (Partial) Year Ending December 31, 20X1 Cash flows from investing activities: Noncash investing activity: 00000 2. Usually, the net cash from investing activities is negative. How can Craig cover this negative cash flow? What other information would you like to have to make this decision? Complete the items below that outline a response to the questions posed above. The negative cash flow from investing activities can be covered by using cash from 2. Usually, the net cash from investing activities is negative. How can Craig cover this negative cash flow? What other information would you like to have to make this decision? Complete the items below that outline a response to the questions posed above. The negative cash flow from investing activities can be covered by using cash from operating and financing activities Some of the activities listed below would provide cash for investment. Select "Yes" or "No" for cash for investment activities. Issuing bonds Splitting common stock Issuing common stock Repurchasing common stock Taking out mortgages Dedaring a dividend
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