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Modern Movables Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities: Net income Purchase of equipment
Modern Movables Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities: Net income Purchase of equipment Borrowings under line of credit (bank) Proceeds from issuance of common stock Cash received from customers Payments to reduce notes payable (long-term) Proceeds from sale of marketable securities Purchase of marketable securities Income taxes paid other fixed assets purchased with promissory notes $ 1,855 9,146 29,312 511 421,328 24,318 41,285 35, 131 7,447 3,581 Required: Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement (Amounts to be deducted should be indicated with a minus sign.) MODERN MOVABLES INCORPORATED Statement of Cash Flows (Partial) Cash Flows from Investing Activities: Cash Flows from Financing Activities
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