Question
The following information were extracted from its financial statements of Avatar Corporation: Net Loss ($15,800) Depreciation $25,300 Issuance of bonds payable $31,400 Payment of dividend
The following information were extracted from its financial statements of Avatar Corporation:
Net Loss | ($15,800) |
Depreciation | $25,300 |
Issuance of bonds payable | $31,400 |
Payment of dividend | $5,300 |
Purchase of equipment | $1,200,000 |
Sale of equipment | $320,000 |
Increase in inventory | $12,000 |
Issuance of common stock | $28,000 |
Loss on sale of equipment | $42,000 |
Purchase of treasury stock | $38,000 |
Increase in accounts payable | $14,000 |
Increase in accounts receivable | $9,000 |
Decrease in accrued liability | $1,000 |
Required:
Prepare a statement showing the computation of the companys net cash flow provided by operating activities from the above information
2. Prepare a statement showing the computation of the companys net cash flow provided by financing activities from the above information.
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