Dristell Incorporated had the following activities during the year (all transactions are for cash unless...
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Accounting
Dristell Incorporated had the following activities during the year all transactions are for cash unless stated otherwise: a A building with a book value of $ was sold for $ b Additional common stock was issued for $ c Dristell purchased its own common stock as treasury stock at a cost of $ d Land was acquired by issuing a year, $ note payable to the seller. e A dividend of $ was paid to shareholders. f An investment in Fleet Corporation's common stock was made for $ g New equipment was purchased for $ h A $ note payable issued three years ago was paid in full. i A loan for $ was made to one of Dristell's suppliers. The supplier plans to repay Dristell this amount plus interest within months. Required: Calculate net cash flows from investing activities. Cash outflows should be indicated with a minus sign.
Dristell Incorporated had the following activities during the year all transactions are for cash unless stated otherwise:
a A building with a book value of $ was sold for $
b Additional common stock was issued for $
c Dristell purchased its own common stock as treasury stock at a cost of $
d Land was acquired by issuing a year, $ note payable to the seller.
e A dividend of $ was paid to shareholders.
f An investment in Fleet Corporation's common stock was made for $
g New equipment was purchased for $
h A $ note payable issued three years ago was paid in full.
i A loan for $ was made to one of Dristell's suppliers. The supplier plans to repay Dristell this amount plus interest within
months.
Required:
Calculate net cash flows from investing activities. Cash outflows should be indicated with a minus sign.
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