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Statement of
Cash flows from investing activities: Cash provided by or used in investing activities is a section of statement of cash flows. It includes the purchase or sale of equipment or land, or marketable securities, which is used for business operations.
Cash flows from investing activities |
Add: Proceeds from sale of fixed assets |
Sale of marketable securities / investments |
Interest received |
Dividend received |
Deduct: Purchase of fixed assets/long-lived assets |
Purchase of marketable securities |
Net cash provided from or used by investing activities |
Cash flows from financing activities: Cash provided by or used in financing activities is a section of statement of cash flows. It includes raising cash from long-term debt or payment of long-term debt, which is used for business operations.
Cash flows from financing activities |
Add: Issuance of common stock |
Proceeds from borrowings |
Proceeds from issuance of debt |
Deduct: Payment of dividend |
Repayment of debt |
Interest paid |
Redemption of debt |
Net cash provided from or used by financing activities |
To Compute: The amount of plant assets acquired by S Corporation during the year.
To Compute: The amount of payment made to notes payable by S Corporation during the year:
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Chapter 14 Solutions
Horngren's Financial & Managerial Accounting (5th Edition)
- Financial Accounting Question please answerarrow_forwardAmelia's Apparel Boutique started the year with total assets of $240,000 and total liabilities of $140,000. During the year, the business recorded $350,000 in revenues, $180,000 in expenses, and dividends of $60,000. What was the net income reported by Amelia's Apparel Boutique for the year?arrow_forwardSolve this general accounting problem?arrow_forward
- Financial Accounting: The Impact on Decision Make...AccountingISBN:9781305654174Author:Gary A. Porter, Curtis L. NortonPublisher:Cengage Learning
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