Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Kingsway Co. had the following activity during 2015: Proceeds from sale of bonds payable $200,000 Loss of disposal of equipment ($0 proceeds from disposal) 18,000
Kingsway Co. had the following activity during 2015:
Proceeds from sale of bonds payable $200,000
Loss of disposal of equipment ($0 proceeds from disposal) 18,000
Dividends paid to shareholders 25,000
Sale of shares 125,000
Gain on the sale of short term investments 75,000
What was the cash flow from investing activities?
A) $ 75,000
B) $ 93,000
C) $ - 0 -
D) $ 57,000
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