Swifty Corporation's transac
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Swifty Corporation's transactions for the year ended December 31, 2021 included the following:
• Purchased real estate for $1245000 cash which was borrowed from a bank.
• Sold available-for-sale securities for $1080000.
• Paid dividends of $1180000.
• Issued 550 shares of common stock for $550000.
• Purchased machinery and equipment for $250000 cash.
• Paid $908000 toward a bank loan.
• Reducedaccounts receivable by $195000.
• Increased accounts payable $396000.
Swifty's net cash used in financing activities for 2021 was
• Purchased real estate for $1245000 cash which was borrowed from a bank.
• Sold available-for-sale securities for $1080000.
• Paid dividends of $1180000.
• Issued 550 shares of common stock for $550000.
• Purchased machinery and equipment for $250000 cash.
• Paid $908000 toward a bank loan.
• Reduced
• Increased accounts payable $396000.
Swifty's net cash used in financing activities for 2021 was
$843000.
$445000.
$908000.
$293000.
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