Question
In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information: Purchase of treasury bills (considered
In preparation for developing its statement of cash flows for the year just ended, D-Rose Distributors collected the following information:
Purchase of treasury bills (considered a cash equivalent) 6.1
Sale of preferred stock 150.1
Gain on sale of land 4.1
Proceeds from sale of land 25.1
Issuance of bonds payable for cash 140.1
Purchase of equipment for cash 30.1
Purchase of GE stock 35.1
Declaration of cash dividends 134.1
Payment of cash dividends declared in previous year 130.1
Purchase of treasury stock 120.1
Payment for the early extinguishment of long-term notes (carrying (book) value: $100 million) 110.1
Required:
Calculate the net cash inflow/outflow from the investing activities of D-Rose's statement of cash flows.
Calculate the net cash inflow/outflow from the financing activities of D-Rose's statement of cash flows.
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