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The following summary transactions occurred during the year for Petunia. 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 $387,000 9,500 57,000 Cash flows from investing activities: 33,500 107,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicat Net cash flows from investing activities 167,000 8,500 92,000 97,000 28,500 1,000 PETUNIA COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024

The following summary transactions occurred during the year for Petunia. 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 $387,000 9,500 57,000 Cash flows from investing activities: 33,500 107,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicat Net cash flows from investing activities 167,000 8,500 92,000 97,000 28,500 1,000 PETUNIA COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following summary transactions occurred during the year for Petunia. 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 $387,000 9,500 57,000 33,500 107,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus si Cash flows from investing activities: 167,000 8,500 92,000 97,000 28,500 1,000 PETUNIA COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Net cash flows from investing activities
Transcribed Image Text:The following summary transactions occurred during the year for Petunia. 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 $387,000 9,500 57,000 33,500 107,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus si Cash flows from investing activities: 167,000 8,500 92,000 97,000 28,500 1,000 PETUNIA COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024 Net cash flows from investing activities
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