Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities: Net income $ 4,235 Purchase of equipment Borrowings under line of credit (bank) Proceeds from issuance of common stock 881 1,427 12 Cash received from customers 29,264 47 Payments to reduce notes payable (long-term) Sale of investments Proceeds from sale of equipment Dividends paid Interest paid 135 6,694 278 91 Required: Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated with a minus sign.) MODERN MOVABLES CORPORATION Statement of Cash Flows (Partial) Cash Flows from Investing Activities: Cash Flows from Financing Activities:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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1.

Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities:
$ 4,235
881
Net income
Purchase of equipment
Borrowings under line of credit (bank)
Proceeds from issuance of common stock
1,427
12
Cash received from customers
29,264
Payments to reduce notes payable (long-term)
Sale of investments
47
135
Proceeds from sale of equipment
Dividends paid
Interest paid
6,694
278
91
Required:
Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (Amounts
to be deducted should be indicated with a minus sign.)
MODERN MOVABLES CORPORATION
Statement of Cash Flows (Partial)
Cash Flows from Investing Activities:
Cash Flows from Financing Activities:
Transcribed Image Text:Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities: $ 4,235 881 Net income Purchase of equipment Borrowings under line of credit (bank) Proceeds from issuance of common stock 1,427 12 Cash received from customers 29,264 Payments to reduce notes payable (long-term) Sale of investments 47 135 Proceeds from sale of equipment Dividends paid Interest paid 6,694 278 91 Required: Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated with a minus sign.) MODERN MOVABLES CORPORATION Statement of Cash Flows (Partial) Cash Flows from Investing Activities: Cash Flows from Financing Activities:
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