Q4 - The following summary transactions occurred during the year for Dais Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $383,00 0 7,500 53,000 31,500 103,000 163,000 6,500 88,000 93,000 26,500 1,000
Q4 - The following summary transactions occurred during the year for Dais Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $383,00 0 7,500 53,000 31,500 103,000 163,000 6,500 88,000 93,000 26,500 1,000
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter12: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12.20MCE
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![Q4 - The following summary transactions occurred during the year for Daisy.
Cash received from:
Collections from customers
Interest on notes receivable
Collection of notes
receivable
Sale of investments
Issuance of notes payable
Cash paid for:
Purchase of inventory
Interest on notes payable
Purchase of equipment
Salaries to employees
Payment of notes payable
Dividends to shareholders
$383,00
7,500
53,000
31,500
103,000
163,000
6,500
88,000
93,000
26,500
1,000
Required:
Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a
minus sign.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fac06c900-dc52-42b8-b0c3-6a4d7bd22308%2F85380270-17b6-4852-98d6-1c381c8cde63%2F33ie6t9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Q4 - The following summary transactions occurred during the year for Daisy.
Cash received from:
Collections from customers
Interest on notes receivable
Collection of notes
receivable
Sale of investments
Issuance of notes payable
Cash paid for:
Purchase of inventory
Interest on notes payable
Purchase of equipment
Salaries to employees
Payment of notes payable
Dividends to shareholders
$383,00
7,500
53,000
31,500
103,000
163,000
6,500
88,000
93,000
26,500
1,000
Required:
Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a
minus sign.)
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