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I just need help with #2, can someone please let me know if I did it right During 2015, Shorts Company, had the following transactions:
I just need help with #2, can someone please let me know if I did it right
During 2015, Shorts Company, had the following transactions: A. Purchased exist200,600 of 10-year bonds issued by Makenzie Inc. B. Acquired land valued at exist70,300 in exchange for machinery. C. Sold equipment with original cost of exist540,600 for exist330,500:accumulated depredation taken on the equipment to the point of sale was exist180,400. D. Purchased new machinery for exist120,400. E. Purchased common stock in Lemmons Company for exist55,400. 1. Prepare the net cash from investing activities section of the statement of cash flows, 2. CONCEPTUAL CONNECTION Usually, the net cash from investing activities is negative. How can Shorts cover this negative cash flow? What other information would you like to have to make this decision? 2. Usually, the net cash from investing activities is negative. How can Shorts cover this negative cash flow? What other information would you like to have to make this decision? Complete the items below that outline a response to the Questions posed above. The negative cash flow from investing activities can be covered by using cash from operating and financing activities. Some of the activities listed below would provide cash for investment. Check all that apply. repurchasing common stock issuing bonds splitting common stock declaring a dividend
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