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Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities Net income Purchase of property, plant, and
Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities Net income Purchase of property, plant, and equipment Borrowings under line of credit (bank) Proceeds from issuance of stock Cash received from customers Payments to reduce long-term debt Sale of marketable securities Proceeds from sale of property and equipment Dividends paid Interest paid Purchase of treasury stock (stock repurchase $ 5,142 1,090 1,134 18 37,168 49 219 6,892 285 109 2,568 Required Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (List cash outflows as negative amounts.) Answer is complete but not entirely correct. OERING'S FURNITURE CORPORATION Statement of Cash Flows (Partial) Cash flows from investing activities: S 1,134 Borrowings under line of credit Payments on long-term debt Payment of dividends Accounts payable (285) (109) Net cash flows provided by investing $ 691 activities Cash flows from financing activities (1.090 Purchase of property, plant & equipment Proceeds from issuance of stock Sale of marketable securities Proceeds from sale of property, plant & uipment Purchase of treasury stock 18 219 6,892 (2,568) 31 Net cash flows provided by financing $ 3,471 activities
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