The following events occurred at Voich Plumbing, Inc., during 2011: January 10 Issued common stock for $160,000

Question:

The following events occurred at Voich Plumbing, Inc., during 2011:

January 10 Issued common stock for $160,000

February 27 Signed a note with Last Local Bank for $15,000

May 12 Sold old service truck for $4,500 resulting in a $500 gain

May 30 Purchased a new service truck for $42,000

August 15 Paid cash dividends of $5,400

October 30 Purchased a new computer server for $25,000 cash

December 31 Paid interest expense with $1,500 cash to Last Local Bank

Compute Voich Plumbing, Inc.’s net cash flow from (1) investing activities and from (2) financing activities for 2011.

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...