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Use the following excerpts from Fruitcake Company's financial records. Acquired new plant assets $21,000 Collected interest on investments assets (21,000) Sold land used in business
Use the following excerpts from Fruitcake Company's financial records.
Acquired new plant assets | $21,000 |
Collected interest on investments assets | (21,000) |
Sold land used in business | 37,500 |
Determine net cash flows from investing activities.
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Provide the missing piece of information for the following statement of cash flows puzzle.
Cash flows from operating activities | $66,000 |
Cash flows from investing activities | (33,500) |
Cash flows from financing activities | ? |
Cash at the beginning of the year | 17,000 |
Cash at the end of the year | 26,500 |
$fill in the blank 1
Provide the missing piece of information for the following statement of cash flows puzzle.
Cash flows from operating activities | $? |
Cash flows from investing activities | 9,300 |
Cash flows from financing activities | (28,500) |
Cash at the beginning of the year | 29,000 |
Cash at the end of the year | 26,000 |
$fill in the blank 1
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