Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities: Net income Purchase of equipment Borrowings under line of credit (bank) Proceeds from issuance of common stock $ 3,235 781 1,327 30 28, 264 37 Cash received from customers Payments to reduce notes payable (long-term) Sale of investments 125 Proceeds from sale of equipment Dividends paid Interest paid 5,694 268 81 Requlred: 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 is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities: Net income Purchase of equipment Borrowings under line of credit (bank) Proceeds from issuance of common stock $ 3,235 781 1,327 30 28, 264 37 Cash received from customers Payments to reduce notes payable (long-term) Sale of investments 125 Proceeds from sale of equipment Dividends paid Interest paid 5,694 268 81 Requlred: 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.)

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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