5 Company A had the following activities during the year...

60.1K

Verified Solution

Question

Accounting

5
image
Company A had the following activities during the year (all transactions are for cash unless stated otherwise): a. A bulding with a book value of $406,000 was sold for $506,000. b. Additional common stock was issued for $166,000. c. Company A purchased its own common stock as treasury stock at a cost of $78,000. d. Land was acquired by issuing a 6%,10-year, $756,000 note payable to the seller. e. A dividend of $46,000 was paid to shareholders. f. An investment in Company B's common stock was made for $126,000. g. New equipment was purchased for $68.000. h. A $93.000 note payable issued three years ago was paid in full. 1. A loan for $106,000 was made to one of Company A's suppliers. The supplier plans to repay Company A this amount plus 10% interest within 18 months. Required: Calculate net cash flows from investing activities. (Cash outflows should be indicated with a minus sign.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students