Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Flow Company has provided the following information for the year ended December 31, 2022: Cash paid for interest, $19,500 Cash paid for dividends, $7,100 Cash
Flow Company has provided the following information for the year ended December 31, 2022: Cash paid for interest, $19,500 Cash paid for dividends, $7,100 Cash dividends received, $5,100 Cash purchase of treasury stock, $10,500 Cash proceeds from bank loan, $28,000 Cash paid for equipment purchase, $26,500 Cash received from issuance of common stock, $36,500 Cash received from sale of land with a $31,500 book value, $24,600 Acquisition of land costing $50,500 in exchange for preferred stock issuance. Payment of $155,000 note payable by exchanging used machinery with a $76,500 book value and $155,000 fair value How much was Flow's net cash flow from investing activities? Multiple Choice A net outflow of $52,400 A net inflow of $1,900. A net outflow of $1,900. A net inflow of $46,900 A company reported net income of $202,000 during 2022. The company reported depreciation expense of $45,000, patent amortization of $15,000 and a $7,000 loss on the sale of equipment. Using the indirect method, how much is the company's net cash flow from operating activities? Multiple Choice $269,000. $262,000. $247,000. $255,000. Flow Company has provided the following information for the year ended December 31, 2022: Cash paid for interest, $21,500 Cash paid for dividends, $6,300 Cash dividends received, $4,300 Cash proceeds from bank loan, $32,000 Cash purchase of treasury stock, $12,500 Cash paid for equipment purchase, $28,500 Cash received from issuance of common stock, $38,500 Cash received from sale of land with a $33,500 book value, $26,200 Acquisition of land costing $52,500 in exchange for preferred stock issuance. Payment of a $115,000 note payable by exchanging used machinery with a $78,500 book value and $115,000 fair value. How much was Flow's net cash flow from financing activities? Multiple Choice A net outflow of $54,000. A net outflow of $54,800. A net inflow of $32,000. A net inflow of $51,700
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started