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Please help with these two questions, thank you in advance! Dristell Inc. had the following activities during the year (all transactions are for cash unless
Please help with these two questions, thank you in advance!
Dristell Inc. had the following activities during the year (all transactions are for cash unless stated otherwise a. A building with a book value of $400,000 was sold for $500,000 b. Additional common stock was issued for $160,000. c. Dristell purchased its own common stock as treasury stock at a cost of $75,000 d. Land was acquired by issuing a 6%, 10-year, $750,000 note payable to the seller. e. A dividend of $40,000 was paid to shareholders. An investment in Fleet Corp's common stock was made for $120.000 9. New equipment was purchased for $65,000. h. A $90,000 note payable issued three years ago was paid in full. A loan for $100.000 was made to one of Dristeil's suppliers. The suppler plans to repay Dristell this amount plus 10% Interest within 18 months. Required: Calculate net cash flows from Investing activities (List cash outflows and any decrease in cash as negative amounts.) Answer is complete but not entirely correct. Net cash flows $225,000 Dristel Inc. had the following activities during the year (all transactions are for cash unless stated otherwise): a. A building with a book value of $400,000 was sold for $500.000 b. Additional common stock was issued for $160,000 c. Dristell purchased its own common stock as treasury stock at a cost of $75,000 d. Land was acquired by issuing a 6%, 10 year, $750,000 note payable to the seller e. A dividend of $40,000 was paid to shareholders. f. An investment in Fleet Corp's common stock was made for $120,000 9. New equipment was purchased for $65,000. h. A $90,000 note payable issued three years ago was paid in full. A loan for $100,000 was made to one of Oristell's suppliers. The suppler plans to repoy Dristall this amount plus 10% interest within 18 months Required: Calculate net cash flows from financing activities. (Cash outflows should be indicated with a minus sign.) Answer is complete but not entirely correct. Net cash flows S 45,000 Step by Step Solution
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