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The following transactions occurred at BBS Company in 2022. 1. The company purchased a new building for $306,000. A down payment of $51,000 was made.
The following transactions occurred at BBS Company in 2022. 1. The company purchased a new building for $306,000. A down payment of $51,000 was made. The balance is due in four equal annual instaliments (plus interest) beginning July 1,2023. 2. The company bought 1,000 shares of Its own common stock for $21,000. 3. The company purchased as an Investment $52,000 par value of Ridge Company's 8 percent bonds, maturing in five years. The purchase price was $50,000 Required: Compute the company's net cash flow from investing actlvitles. (Amounts to be deducted should be indicated with a minus sign.) Required: Compute the company's net cash flow from investing actlvitles. (Amounts to be deducted should be indlcated with a minus slgn.)
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