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Dristell Incorporated had the following activities during the year (all transactions are for cash uniess stated otherwise): a. A building with a book value of
Dristell Incorporated had the following activities during the year (all transactions are for cash uniess stated otherwise): a. A building with a book value of $412,000 was sold for $512,000, b. Additional common stock was issued for $172,000. c. Dristell purchased its own common stock as treasury stock at a cost of $81,000. d. Land was acquired by issuing a 6%, 10 -year, $762,000 note payable to the seller. e. A dividend of $52,000 was paid to shareholders. f. An investment in Fleet Corporation's common stock was made for $132.000. 9. New equipment was purchased for $71,000. h. A $96,000 note payable issued three years ago was paid in full. 1. A loan for $112,000 was made to one of Dristell's suppliers. The supplier plans to repay Dristell this amount plus 10% interest within 18 months: Required: Calculate net cash flows from investing activities. (Cash outflows should be indicated with a minus sign.)
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