Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities:$ 4,235881Net incomePurchase of equipmentBorrowings under line of credit (bank)Proceeds from issuance of common stock1,42712Cash received from customers29,264Payments to reduce notes payable (long-term)Sale of investments47135Proceeds from sale of equipmentDividends paidInterest paid6,69427891Required:Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (Amountsto be deducted should be indicated with a minus sign.)MODERN MOVABLES CORPORATIONStatement of Cash Flows (Partial)Cash Flows from Investing Activities:Cash Flows from Financing Activities:

Lets understand the basics. Cashflow statement is divided into three parts which are, (1) Cashflow…

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) 881 1,427 Proceeds from issuance of common stock 12 Cash received from customers 29,264 Payments to reduce notes payable (long-term) Sale of investments Proceeds from sale of equipment Dividends paid Interest paid 47 135 6,694 278 91

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) 881 1,427 Proceeds from issuance of common stock 12 Cash received from customers 29,264 Payments to reduce notes payable (long-term) Sale of investments Proceeds from sale of equipment Dividends paid Interest paid 47 135 6,694 278 91

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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