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E12-16 Reporting and Interpreting Cash Flows from Investing and Financing Activities with Discussion of Management Strategy [LO 12-3, LO 12-4] Trafalgar Industries, Inc. is a
E12-16 Reporting and Interpreting Cash Flows from Investing and Financing Activities with Discussion of Management Strategy [LO 12-3, LO 12-4]
Trafalgar Industries, Inc. is a manufacturer of steel products for customers such as Home Depot, Lowes, Chrysler, Ford, and General Motors. In the year ended December 31, 2013, it reported the following activities: |
Net income (loss) | $ | (6,533 | ) |
Purchase of equipment | 14,040 | ||
Payments on notes payable to bank | 207,469 | ||
Net proceeds from stock issuance | 762 | ||
Depreciation | 26,150 | ||
Proceeds from sale of equipment | 12,520 | ||
Increase in accounts receivable | 1,970 | ||
Proceeds from notes payable to bank | 212,100 | ||
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.) |
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