INTERMEDIATE ACCOUNTING-NEXTGEN ACCESS
17th Edition
ISBN: 9781119659747
Author: Kieso
Publisher: WILEY
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Please provide the correct answer to this financial accounting problem using valid calculations.
Financial Accounting
A retail company purchased new display fixtures for $28,000. Old store equipment was sold for $2,500. A marketable security investment was sold for $45,000. Treasury stock was repurchased for $18,000, and dividends were paid to shareholders in the amount of $30,000. The company issued new bonds resulting in proceeds of $75,000. Calculate the net cash flow from investing activities.
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