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 Cash received from customers $ 4,635 921 1,467 16 29,664 Payments to reduce notes payable (long-term) Sale of investments 51 139 Proceeds from sale of equipment Dividends paid Interest paid 7,094 282 95
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 Cash received from customers $ 4,635 921 1,467 16 29,664 Payments to reduce notes payable (long-term) Sale of investments 51 139 Proceeds from sale of equipment Dividends paid Interest paid 7,094 282 95
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities:
Net income
$ 4,635
Purchase of equipment
Borrowings under line of credit (bank)
Proceeds from issuance of common stock
921
1,467
16
Cash received from customers
29,664
Payments to reduce notes payable (long-term)
Sale of investments
51
139
Proceeds from sale of equipment
Dividends paid
Interest paid
7,094
282
95](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa1e1d114-cba9-4c4f-a9ab-1a346fb28105%2F7c847923-071a-4e35-8313-874612b7c1ac%2F66xelp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities:
Net income
$ 4,635
Purchase of equipment
Borrowings under line of credit (bank)
Proceeds from issuance of common stock
921
1,467
16
Cash received from customers
29,664
Payments to reduce notes payable (long-term)
Sale of investments
51
139
Proceeds from sale of equipment
Dividends paid
Interest paid
7,094
282
95
![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:](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa1e1d114-cba9-4c4f-a9ab-1a346fb28105%2F7c847923-071a-4e35-8313-874612b7c1ac%2Fvhuo3z_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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