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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 $ 5,135 Purchase of property,
Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities:
Net income | $ | 5,135 |
Purchase of property, plant, and equipment | 2,071 | |
Borrowings under line of credit (bank) | 1,117 | |
Proceeds from issuance of stock | 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 | 6,894 | |
Dividends paid | 277 | |
Interest paid | 90 | |
Purchase of treasury stock (stock repurchase) | 2,583 | |
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