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The following summary transactions occurred during the year for Daisy. Cash received from: Collections from customers $395,000 Interest on notes receivable 13,500 Collection of notes
The following summary transactions occurred during the year for Daisy. Cash received from: Collections from customers $395,000 Interest on notes receivable 13,500 Collection of notes receivable 62,000 Sale of investments 35,700 Issuance of notes payable 115,000 Cash paid for: Purchase of inventory 175,000 Interest on notes payable 12,500 Purchase of equipment 100,000 Salaries to employees 105,000 Payment of notes payable 32,500 Dividends to shareholders 1,000
The following summary transactions occurred during the year for Daisy. Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.)Step by Step Solution
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