The following summary transactions occurred during the year for Bluebonnet. 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 $380,000 6,000 50,000 Cash flows from investing activities: 30,000 100,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Net cash flows from investing activities 160,000 5,000 85,000 90,000 25,000 20,000 BLUEBONNET COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 $ 0

The following summary transactions occurred during the year for Bluebonnet. 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 $380,000 6,000 50,000 Cash flows from investing activities: 30,000 100,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus sign.) Net cash flows from investing activities 160,000 5,000 85,000 90,000 25,000 20,000 BLUEBONNET COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 $ 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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