please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Dristell Incorporated had the following activities during the year (all transactions are for cash unless stated otherwise):a. A building with a book value of $400,000 was sold for $500,000.b. Additional common stock was issued for $160,000.c. Dristell purchased its own common stock as treasury stock at a cost of $75,000.d. Land was acquired by issuing a 6%, 10-year, $750,000 note payable to the seller.e. A dividend of $40,000 was paid to shareholders.t. An investment in Fleet Corporation's common stock was made for $120,000.g. New equipment was purchased for $65,000.h. A $90,000 note payable issued three years ago was paid in full.i. A loan for $100,000 was made to one of Dristell's suppliers. The supplier plans to repay Dristell this amount plus 10% interest within18 months.Required:Calculate net cash flows from investing activities. (Cash outflows should be indicated with a minus sign.)DRISTELL INCORPORATEDStatement of Cash Flows (partial)For the Year Ended December 31, 2024Cash flows from investing activities:Net cash flows from investing activities

A statement which shows inflow and outflow of cash under three different activities, called as cash…

a. A building with a book value of $400,000 was sold for $500,000. b. Additional common stock was issued for $160,000. c. Dristell purchased its own common stock as treasury stock at a cost of $75,000. d. Land was acquired by issuing a 6%, 10-year, $750,000 note payable to the seller. e. A dividend of $40,000 was paid to shareholders. 1. An investment in Fleet Corporation's common stock was made for $120,000. g. New equipment was purchased for $65,000. 500.000

a. A building with a book value of $400,000 was sold for $500,000. b. Additional common stock was issued for $160,000. c. Dristell purchased its own common stock as treasury stock at a cost of $75,000. d. Land was acquired by issuing a 6%, 10-year, $750,000 note payable to the seller. e. A dividend of $40,000 was paid to shareholders. 1. An investment in Fleet Corporation's common stock was made for $120,000. g. New equipment was purchased for $65,000. 500.000

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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