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Trefoil Company is a manufacturer of steel products for customers such as Home Depot, Lowe's, Chrysler, Ford, and General Motors. In the year ended December
Trefoil Company is a manufacturer of steel products for customers such as Home Depot, Lowe's, Chrysler, Ford, and General Motors. In the year ended December 31, 2016, it reported the following activities (in thousands): Net income $34,575 Purchase of equipment 11,700 Payments on notes payable to bank 625 Net proceeds from stock issuance 3,394 Depreciation 24,900 Proceeds from sale of equipment Decrease in accounts receivable Payments to acquire treasury stock 1,040 40,900 1,630 Required: Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. TREFOIL COMPANY Statement of Cash Flows (Partial) For the Year Ended December 31, 2016 Cash Flows from Investing Activities: Purchase of Equipment Cash Flows from Financing Activities: Net Proceeds from Stock Issuance Net Proceeds from Stock Issuance + $ 0 EA 0
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