6. In preparing a company's statement of cash flows for the most recent year, the following information is available:- Loss on the sale of equipment: $14,300- Purchase of equipment for cash: $148,000- Proceeds from the sale of equipment: $129,000- Repayment of outstanding bonds: $88,500- Purchase of treasury stock: $63,500- Issuance of common stock: $97,500This data is used to analyze the cash flows related to investing and financing activities within the company. The loss on the sale of equipment indicates a decrease in cash flow, while proceeds supplement it. Purchasing equipment and repurchasing stock represent cash outflows, whereas the issuance of common stock helps increase cash flow. **Cash Flow Analysis**1. **Purchase of Land for Cash**: $118,0002. **Increase in Accounts Receivable During the Year**: $44,5003. **Decrease in Accounts Payable During the Year**: $76,5004. **Payment of Cash Dividends**: $36,500**Question:***What were the net cash flows from investing activities for the year?***Options:**- (A) $258,000 of net cash used.- (B) $225,500 of net cash provided.- (C) $137,000 of net cash provided.- (D) $122,700 of net cash used.- (E) $137,000 of net cash used.

Cash flow from investing activities is one of the three main sections in a company's statement of…

6. In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the sale of equipment Purchase of equipment for cash Proceeds from the sale of equipment Repayment of outstanding bonds Purchase of treasury stock Issuance of common stock $ 14,300 148,000 129,000 88,500 63,500 97,500

6. In preparing a company's statement of cash flows for the most recent year, the following information is available: Loss on the sale of equipment Purchase of equipment for cash Proceeds from the sale of equipment Repayment of outstanding bonds Purchase of treasury stock Issuance of common stock $ 14,300 148,000 129,000 88,500 63,500 97,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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