Question
When preparing a company's statement of cash flows for the year just ended, the following information is available: Loss on equipment sales $14,000 Purchase of
When preparing a company's statement of cash flows for the year just ended, the following information is available:
Loss on equipment sales | $14,000 |
Purchase of equipment | $225,000 |
Income from the sale of equipment | $106,000 |
Redemption of pending bonuses | $87,000 |
Purchase of own shares | $25,000 |
Issuance of ordinary shares | $96,000 |
Purchase of land | $115,000 |
Increase in accounts receivable during the year | $33,000 |
Decrease in accounts payable during the year | $75,000 |
Payment of dividends in cash | $35,000 |
What were the Net cash flows from financing activities for the year ?
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
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