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In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the sale of equipment $14,000
In preparing a company's statement of cash flows for the most recent year, the following information is available:
| Loss on the sale of equipment | $14,000 |
| Purchase of equipment | $225,000 |
| Proceeds from the sale of equipment | $106,000 |
| Repayment of outstanding bonds | $87,000 |
| Purchase of treasury stock | $25,000 |
| Issuance of common stock | $96,000 |
| Purchase of land | $115,000 |
| Increase in accounts receivable during the year | $33,000 |
| Decrease in accounts payable during the year | $75,000 |
| Payment of cash dividends | $35,000 |
Net cash flows from investing activities for the year were:
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Financial Accounting A Critical Approach
Authors: John Friedlan
4th edition
1259066525, 978-1259066528
