Question
Flow Company has provided the following information for the year ended December 31, 2014: Cash paid for interest, $23,000; Cash paid for dividends, $6,600; Cash
Flow Company has provided the following information for the year ended December 31, 2014: Cash paid for interest, $23,000; Cash paid for dividends, $6,600; Cash dividends received, $4,600; Cash proceeds from bank loan, $35,000; Cash purchase of treasury stock, $14,000; Cash paid for equipment purchase, $30,000; Cash received from common stock, $40,000; Cash received from sale of land with a $35,000 book value, $27,400; Acquisition of land costing $54,000 in exchange for preferred stock issuance. Paid a $130,000 note payable by exchanging used machinery with a $80,000 book value and $130,000 fair value How much was Flow's net cash flow from investing activities?
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