Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities: Net income Purchase of property, plant, and equipment Borrowings under line of credit (bank) Proceeds from issuance of stock Cash received from customers. Payments to reduce long-term debt Sale of marketable securities Proceeds from sale of property and equipment Dividends paid Interest paid Purchase of treasury stock (stock repurchase) OERING'S FURNITURE CORPORATION Statement of Cash Flows (Partial) Required: Based on this information, present the investing and financing activities sections of the cash flow statement. (List cash outflows as negative amounts.) Cash flows from investing activities: $ 5,148 2,091 1,124 16 37,166 55 220 Cash flows from financing activities: $ 6,884 278 97 2,576 $ 0 0

Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities: Net income Purchase of property, plant, and equipment Borrowings under line of credit (bank) Proceeds from issuance of stock Cash received from customers. Payments to reduce long-term debt Sale of marketable securities Proceeds from sale of property and equipment Dividends paid Interest paid Purchase of treasury stock (stock repurchase) OERING'S FURNITURE CORPORATION Statement of Cash Flows (Partial) Required: Based on this information, present the investing and financing activities sections of the cash flow statement. (List cash outflows as negative amounts.) Cash flows from investing activities: $ 5,148 2,091 1,124 16 37,166 55 220 Cash flows from financing activities: $ 6,884 278 97 2,576 $ 0 0

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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