Question
Given the following information, determine the amount of cash flows from investing and financing activities. 2017 2016 Net income $68,000 $65,320 Investment securities $101,000 $115
Given the following information, determine the amount of cash flows from investing and financing activities.
2017 | 2016 | |
Net income | $68,000 | $65,320 |
Investment securities | $101,000 | $115 ,200 |
Land | $143,200 | $98,600 |
Common stock | $142,500 | $119,500 |
Interest payable | $12,550 | $10,950 |
The company incurred a $1,480 loss on the sale of investment securities in 2017. The company did not sell land during the year.
A. Cash from Investing activities =
B. Cash from Financing activities =
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
