Question
Exigent, Inc. repurchases 6,000 shares of $1 par value common stock at $15 per share. What is the cash flow amount resulting from this share
Exigent, Inc. repurchases 6,000 shares of $1 par value common stock at $15 per share.
What is the cash flow amount resulting from this share repurchase? (Note: inflows are positive and outflows are negative). $
What is the classification of the cash flow for this transaction? Enter O, I, or F.
Lockspot Inc. purchased a machine for $135,000 on January 1, 2008. The estimated useful life was 10 years and the salvage value was $5,000. On January 1, 2016, Lockspot sells the machine, reporting a gain of $3,000.
What is the book value of the machine on the date of sale? $
What is the cash flow amount resulting from the sale? (Note: inflows are positive and outflows are negative) $
What is the classification of the cash flow for this transaction? Enter O, I, or F.
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