From the following information prepare the investments section of the statement of cash flows: 1.Purchased a building for $10,000 cash. 2.Sold a machine: selling price, $12,000; cost, $16,000; accumulated depreciation, $9,000. 3.Paid a cash dividend of $1,000. 4.Bought Xerox stock for $2,000. 5.Sold General Motors bonds for $3,500. 6.Accounts receivable increased by $5,000. 7.Lent $2,400 to a third party.

From the following information prepare the investments section of the statement of cash flows: 1.Purchased a building for $10,000 cash. 2.Sold a machine: selling price, $12,000; cost, $16,000; accumulated depreciation, $9,000. 3.Paid a cash dividend of $1,000. 4.Bought Xerox stock for $2,000. 5.Sold General Motors bonds for $3,500. 6.Accounts receivable increased by $5,000. 7.Lent $2,400 to a third party.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter21: The Statement Of Cash Flows

Section: Chapter Questions

Problem 3GI: Thompson Company sold a piece of equipment that had an original cost of 22,000 and a carrying value...

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