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Shively Mfg. Co.'s cash flows: Cash received from: Customers $ 3,900 Interest on investments 340 Sale of land 240 Sale of Rowdy's common stock 880
Shively Mfg. Co.'s cash flows:
| Cash received from: | |||
| Customers | $ | 3,900 | |
| Interest on investments | 340 | ||
| Sale of land | 240 | ||
| Sale of Rowdy's common stock | 880 | ||
| Issuance of debt securities | 3,400 | ||
| Cash paid for: | |||
| Interest on debt | $ | 440 | |
| Income tax | 220 | ||
| Debt principal reduction | 2,900 | ||
| Purchase of equipment | 6,800 | ||
| Purchase of inventory | 2,400 | ||
| Dividends on common stock | 620 | ||
| Operating expenses | 780 | ||
Shively's would report net cash inflows (outflows) from financing activities in the amount of:
Multiple Choice
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$(1,380).
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$760.
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$(540).
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$1,380.
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
12th Edition
978-0073526706, 9780073526706
