Cash Flows from Investing and Financing Activities Determine the amount of cash received and paid for financing and investing activities and the cash flows as they would appear on Rogerson’s statement of cash flows for the year ended December 31, 20-2. Use a minus to indicate any decreases in cash or cash outflows. Rogerson Company’s comparative balance sheet as of December 31, 20-2 and 20-1, showed the following with regard to investing and financing activities: 20-2 20-1 Building $125,200 $0 Equipment 92,000 0 Notes payable 27,200 19,400 Common stock at par 285,600 233,900 Paid-in capital in excess of par 81,900 48,500 Retained earnings 267,000 213,500 Net income for 20-2 was $85,300, and cash dividends of $31,800 were declared and paid. Rogerson did not sell any buildings or equipment and did not retire any debt. Determine the amount of cash received and paid for financing and investing activities and the cash flows as they would appear on Rogerson’s statement of cash flows for the year ended December 31, 20-2. Use a minus to indicate any decreases in cash or cash outflows.
Determine the amount of cash received and paid for financing and investing activities and the cash flows as they would appear on Rogerson’s statement of cash flows for the year ended December 31, 20-2. Use a minus to indicate any decreases in cash or
Rogerson Company’s comparative balance sheet as of December 31, 20-2 and 20-1, showed the following with regard to investing and financing activities:
| 20-2 | 20-1 | |||
| Building | $125,200 | $0 | ||
| Equipment | 92,000 | 0 | ||
| Notes payable | 27,200 | 19,400 | ||
| Common stock at par | 285,600 | 233,900 | ||
| Paid-in capital in excess of par | 81,900 | 48,500 | ||
| 267,000 | 213,500 |
Net income for 20-2 was $85,300, and cash dividends of $31,800 were declared and paid. Rogerson did not sell any buildings or equipment and did not retire any debt.
Determine the amount of cash received and paid for financing and investing activities and the cash flows as they would appear on Rogerson’s statement of cash flows for the year ended December 31, 20-2. Use a minus to indicate any decreases in cash or cash outflows.
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