The following summary transactions occurred during the year for Marigold. 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 $382,000 7,000 52,000 31,000 102,000 162,000 6,000 $7,000 92,000 26,000 1,000 Required: Calculate net cash flows from Investing activities. (Amounts to be deducted should be indicated with a minus sign.)

The following summary transactions occurred during the year for Marigold. 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 $382,000 7,000 52,000 31,000 102,000 162,000 6,000 $7,000 92,000 26,000 1,000 Required: Calculate net cash flows from Investing activities. (Amounts to be deducted should be indicated with a minus sign.)

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter7: Receivables And Investments

Section: Chapter Questions

Problem 7.16E

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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

The following summary transactions occurred during the year for Marigold.
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
$382,000
7,000
52,000
31,000
102,000
Required:
Calculate net cash flows from Investing activities. (Amounts to be deducted should be indicated with a minus sign.)
Cash flows from investing activities:
162,000
6,000
87,000
92,000
26,000
1,000
MARIGOLD COMPUTER
Statement of Cash Flows (partial)
For the Year Ended December 31, 2024
Net cash flows from investing activities

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