The following information on selected cash transactions for 2024 has been provided by Riverbed Company:Proceeds from sale of landProceeds from long-term borrowingsPurchases of plant assets.Purchases of inventoriesProceeds from sale of Riverbed common stock$311000O $99000O $1285000O $311000O $3940006060002120001015000368000What was the cash provided (used) by investing activities for the year ended December 31, 2024, as a result of the above information?

Cash Provided (used )by investing activites relates to cash transctions (inflow and outflow) of…

Answered: ceeds from sale of land Oceeds from…

ceeds from sale of land Oceeds from long-term borrowings rchases of plant assets urchases of inventories roceeds from sale of Riverbed common stock 606000 212000 1015000 368000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 10MCQ

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How do you find "Cash Payment for Acquisition of Plant Assets"? Requirement 1. Prepare the 2024 Statement of Cash Flows by the direct method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Sweet Valley, Inc. Statement of Cash Flows Year Ended December 31, 2024 Cash Flows from Operating Activities: Receipts: Collections From Customers $443,700 Interest Received $8,200 Total Cash Receipts $451,900 Payments: To Suppliers (197,700) To Employees (77,400) For Interest (21,100) For Income Tax (19,400)…
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