Zumiez Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities: Net income $ 1,770 Purchase of equipment 9,061 Borrowings under line of credit (bank) 29,227 Proceeds from issuance of common stock 426 Cash received from customers 421,158 Payments to reduce notes payable (long-term) 24,233 Proceeds from sale of marketable securities 41,200 Purchase of marketable securities 35,046 Income taxes paid 7,362 Other fixed assets purchased with promissory notes 3,496 Required: Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated with a minus sign.)
Zumiez Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities: Net income $ 1,770 Purchase of equipment 9,061 Borrowings under line of credit (bank) 29,227 Proceeds from issuance of common stock 426 Cash received from customers 421,158 Payments to reduce notes payable (long-term) 24,233 Proceeds from sale of marketable securities 41,200 Purchase of marketable securities 35,046 Income taxes paid 7,362 Other fixed assets purchased with promissory notes 3,496 Required: Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (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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Zumiez Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities:
| Net income | $ 1,770 |
|---|---|
| Purchase of equipment | 9,061 |
| Borrowings under line of credit (bank) | 29,227 |
| Proceeds from issuance of common stock | 426 |
| Cash received from customers | 421,158 |
| Payments to reduce notes payable (long-term) | 24,233 |
| Proceeds from sale of marketable securities | 41,200 |
| Purchase of marketable securities | 35,046 |
| Income taxes paid | 7,362 |
| Other fixed assets purchased with promissory notes | 3,496 |
Required:
Based on this information, present the
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Required:
Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (Amounts
to be deducted should be indicated with a minus sign.)
ZUMIEZ INCORPORATED
Statement of Cash Flows (Partial)
Cash Flows from Investing Activities:
3,430
Cash Flows from Financing Activities:
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