SE11-2. Cash Flow from Investing Activities Using the information for the Seville Corporation above, LO1, 2calculate the cash flow from investing activities.MBC Use the following information regarding the Seville Corporation to answer Short Exercises 11-1 through 11-3:Accounts payable increase...$ 9,000Accounts receivable increase..4,000Accrued liabilities decrease.Amortization expense...Cash balance, January 1Cash balance, December 31Cash paid as dividendsCash paid to purchase land...Cash paid to retire bonds payable at par.Cash received from issuance of common stock.3,0006,00022,00015,00029,00090,00060,00035,000Cash received from sale of equipment...Depreciation expense...Gain on sale of equipment..Inventory decrease..Net income....Prepaid expenses increase17,00029,0004,00013,00076,0002,000

Investing activities considers and records the purchase and disposal of FA (fixed assets) such as…

Answered: SE11-2. Cash Flow from Investing…

SE11-2. Cash Flow from Investing Activities Using the information for the Seville Corporation above, calculate the cash flow from investing activities.

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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Question

SE11-2. Cash Flow from Investing Activities Using the information for the Seville Corporation above, LO1, 2
calculate the cash flow from investing activities.
MBC

Use the following information regarding the Seville Corporation to answer Short Exercises 11-1 through 11-3:
Accounts payable increase...
$ 9,000
Accounts receivable increase..
4,000
Accrued liabilities decrease.
Amortization expense...
Cash balance, January 1
Cash balance, December 31
Cash paid as dividends
Cash paid to purchase land...
Cash paid to retire bonds payable at par.
Cash received from issuance of common stock.
3,000
6,000
22,000
15,000
29,000
90,000
60,000
35,000
Cash received from sale of equipment...
Depreciation expense...
Gain on sale of equipment..
Inventory decrease..
Net income....
Prepaid expenses increase
17,000
29,000
4,000
13,000
76,000
2,000

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