5. A business has the following financial information for the year: 1. Issued 5,000 shares...
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5. A business has the following financial information for the year:
1. Issued 5,000 shares of common stock for $35.00 per share.
2. Issued long term debt of $250,000.
3. Paid dividends of $35,000.
4. Sold a piece of equipment for $50,000. The equipment had a book value of $40,000.
5. Purchased land for $350,000.
6. Earned net income of $80,000.
A. Based on the financial information presented above, determine net cash flow from FINANCING ACTIVITIES for the year. Cash flows from financing activities
B. Based on the financial information presented above, determine net cash flow from INVESTING ACTIVITIES for the year.
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