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 $395,000 13,500 62,000 35,700 115,000 175,000 12,500 100,000 105,000 32,500 1,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be in

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 $395,000 13,500 62,000 35,700 115,000 175,000 12,500 100,000 105,000 32,500 1,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be in

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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