The following transactions occurred at Craft Company in 2016. Use this information to compute the company's net

Question:

The following transactions occurred at Craft Company in 2016. Use this information to compute the company's net cash flow from investing activities.
1. The company purchased a new building for $360,000. A down payment of $60,000 was made. The balance is due in four equal annual installments (plus interest) beginning July 1, 2017.
2. The company bought 1,000 shares of its own for $30,000.
3. The company purchased as an investment $61,000 of Ridge Way Company's 10 percent bonds, maturing in five years. The purchase price was $59,000.
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... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...