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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
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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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 Cash flows from investing activities: 175,000 12,500 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 100,000 105,000 32,500 1,000 DAISY COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 $ 0
Transcribed Image Text: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 Cash flows from investing activities: 175,000 12,500 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 100,000 105,000 32,500 1,000 DAISY COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 $ 0
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