Required: 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing $ 15,480 (101,480) 142,760

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Revise your calculations based the new information provided below and then answer the questions that follow.

 

Inflows:
Issue common stock $129,000
Sell inventory to customers 147,920
Issue notes payable 91,160
Sell land 168,560
Earn interest on investments 3,440
Sell patent 104,920

 

Outflows:
Purchase equipment $309,600
Purchase inventory 65,360
Purchase treasury stock 68,800
Repay notes payable 51,600
Pay salaries 67,080
Pay dividends 25,800
Beginning cash $91,160


Required:
1.
 What is the revised amount of operating, investing and financing cash flows(Net outflows should be indicated by a minus sign.)

Required:
1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.)
Operating
Investing
Financing
$
15,480
(101,480)
142,760
Transcribed Image Text:Required: 1. What is the revised amount of operating, investing and financing cash flows? (Net outflows should be indicated by a minus sign.) Operating Investing Financing $ 15,480 (101,480) 142,760
Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education