Question
In preparing its cash flow statement for the year ended December 31, Jeff Co. collected the following data: Gain on the sale of equipment $
In preparing its cash flow statement for the year ended December 31, Jeff Co. collected the following data:
Gain on the sale of equipment | $ 6,000 |
Proceeds from the sale of equipment | 10,000 |
Purchase of A.S., Inc. bonds as a debt Investment(par value $200,000) | 180,000 |
Amortization of bond discounts | 2,000 |
Dividends declared | 45,000 |
Dividends paid | 38,000 |
Proceeds from the sale of treasury stock (carrying amount $65,000) | 75,000 |
Copyright Amortization | 4,500 |
Issued Common Stock | 47,000 |
Depreciation Expense | 33,000 |
Redeemed bonds (par value of $500,000) | 537,000 |
Loss on Bond Redemption | 34,000 |
Purchased Land with a Promissory Note | 145,000 |
Proceeds from sale of Equity Investments | 25,000 |
- Compute the amount should Reve report as cash flow from Investing Activities? Show Work.
- Compute the amount should Reve report as cash flow from Financing Activities? Show Work
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