Bonita Industries's transactions for the year ended December 31, 2021 included the following: • Acquired 50% of Carla Vista Co.'s common stock for $304000 cash which was borrowed from a bank. • Issued 4800 shares of its preferred stock for land having a fair value of $488000. • Issued 550 of its 11% debenture bonds, due 2026, for $586000 cash. • Purchased a patent for $333000 cash. • Paid $181000 toward a bank loan. • Sold available-for-sale securities for $1197000. • Had a net increase in returnable customer deposits (long-term) of $126000. Bonita’s net cash provided by financing activities for 2021 was 709,000 1,016,000 890,000 835,000
Bonita Industries's transactions for the year ended December 31, 2021 included the following:
• Acquired 50% of Carla Vista Co.'s common stock for $304000 cash which was borrowed from a bank.
• Issued 4800 shares of its
• Issued 550 of its 11% debenture bonds, due 2026, for $586000 cash.
• Purchased a patent for $333000 cash.
• Paid $181000 toward a bank loan.
• Sold available-for-sale securities for $1197000.
• Had a net increase in returnable customer deposits (long-term) of $126000.
Bonita’s net cash provided by financing activities for 2021 was
Cash flow statement provided information about the cash inflows and cash outflows of the company.
Cash flow statement consists of three activities: Operating activities, investing activities and Financing activities.
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