The following transactions occurred at BBS Company in 2022. 1. The company purchased a new building for $306,000. A down payment of $51,000 was made. The balance is due in four equal annual installments (plus interest) beginning July 1, 2023. 2 The company bought 1,000 shares of its own common stock for $21,000. 3. The company purchased as an investment $52,000 par value of Ridge Company's 8 percent bonds, maturing in five years. The purchase price was $50,000. Required: Compute the company's net cash flow from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
The following transactions occurred at BBS Company in 2022. 1. The company purchased a new building for $306,000. A down payment of $51,000 was made. The balance is due in four equal annual installments (plus interest) beginning July 1, 2023. 2 The company bought 1,000 shares of its own common stock for $21,000. 3. The company purchased as an investment $52,000 par value of Ridge Company's 8 percent bonds, maturing in five years. The purchase price was $50,000. Required: Compute the company's net cash flow from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following transactions occurred at BBS Company in 2022.
1. The company purchased a new building for $306,000. A down payment of $51,000 was made. The balance is due in four equal
annual installments (plus interest) beginning July 1, 2023.
2 The company bought 1,000 shares of its own common stock for $21,000.
3. The company purchased as an investment $52,000 par value of Ridge Company's 8 percent bonds, maturing in five years. The
purchase price was $50,000.
Required:
Compute the company's net cash flow from investing activities. (Amounts to be deducted should be indicated with a minus sign.)
Cash flows from investing activities
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