Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the...
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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 equipment $ 5,135 2,071 Borrowings under line of credit (bank) Proceeds from issuance of stock 1,117 11 Cash received from customers 37,164 Payments to reduce long-term debt 46. Sale of marketable securities 219 Proceeds from sale of property and equipment Dividends paid 6,894 277 Interest paid 90 Purchase of treasury stock (stock repurchase) 2,583 Required: Based on this information, present the investing and financing activities sections of the cash flow statement. (List cash outflows as negative amounts.) 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 $ 5,135 2,071 Borrowings under line of credit (bank) Proceeds from issuance of stock 1,117 11 Cash received from customers 37,164 Payments to reduce long-term debt 46. Sale of marketable securities 219 Proceeds from sale of property and equipment Dividends paid 6,894 277 Interest paid 90 Purchase of treasury stock (stock repurchase) 2,583 Required: Based on this information, present the investing and financing activities sections of the cash flow statement. (List cash outflows as negative amounts.)
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