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please help me out on these 2 questions....need to see all work..thanks.. Wofford Company provides the following information related to its investing and financing a
please help me out on these 2 questions....need to see all work..thanks..
Wofford Company provides the following information related to its investing and financing a current year: Cash receipts: Sale of common stock Sale of equipment (at $34,000 loss) Sale of land (at $50,000 gain) Cash payments: Purchase of equipment Purchase of treasury stock Retirement of debt Dividends on preferred and common stock $ 250,000 156,000 160,000 $ 178,000 45,000 36,500 75,000 eBook Link 12. value: 10.00 points a Calculate the net amount of cash provided by or used for investing activities for the y . "$" sign in your response.) Cash (Click to select)used forprovided by investing activities check my workreferences 13. $ value: 10.00 points b What impact does equipment sold at a loss, and land sold at a gain have on your calcu . all that apply.) Gain on sale of land is reflected in the cash payments figure. Loss on sale of equipment is reflected in the cash payments figure. Loss or gain will be reflected in neither cash receipts nor cash payments figure. Gain on sale of land is reported separately from cash receipts figure. Loss on sale of equipment is reported separately from cash receipts. The amount of gain or loss is reflected in the cash receipts figureStep by Step Solution
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