a. A building with a book value of $400,000 was sold for $500,000b. Additional common stock was issued for $160,000.c. Dristell purchased its own common stock as treasury stock at a cost of $75,000.d. Land was acquired by issuing a 6%, 10-year, $750,000 note payable to the seller.e. A dividend of $40,000 was paid to shareholders.f. An investment in Fleet Corp.'s common stock was made for $120,000.g. New equipment was purchased for $65,000.h. A $90,000 note payable issued three years ago was paid in full.i. A loan for $100,000 was made to one of Dristell's suppliers. The supplier plans to repay Dristell this amount plus 10% interest within18 months.Required:Calculate net cash flows from financing activities. (Cash outflows should be indicated with a minus sign.)Net cash flows

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Asked Nov 19, 2019
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a. A building with a book value of $400,000 was sold for $500,000
b. Additional common stock was issued for $160,000.
c. Dristell purchased its own common stock as treasury stock at a cost of $75,000.
d. Land was acquired by issuing a 6%, 10-year, $750,000 note payable to the seller.
e. A dividend of $40,000 was paid to shareholders.
f. An investment in Fleet Corp.'s common stock was made for $120,000.
g. New equipment was purchased for $65,000.
h. A $90,000 note payable issued three years ago was paid in full.
i. A loan for $100,000 was made to one of Dristell's suppliers. The supplier plans to repay Dristell this amount plus 10% interest within
18 months.
Required:
Calculate net cash flows from financing activities. (Cash outflows should be indicated with a minus sign.)
Net cash flows
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a. A building with a book value of $400,000 was sold for $500,000 b. Additional common stock was issued for $160,000. c. Dristell purchased its own common stock as treasury stock at a cost of $75,000. d. Land was acquired by issuing a 6%, 10-year, $750,000 note payable to the seller. e. A dividend of $40,000 was paid to shareholders. f. An investment in Fleet Corp.'s common stock was made for $120,000. g. New equipment was purchased for $65,000. h. A $90,000 note payable issued three years ago was paid in full. i. A loan for $100,000 was made to one of Dristell's suppliers. The supplier plans to repay Dristell this amount plus 10% interest within 18 months. Required: Calculate net cash flows from financing activities. (Cash outflows should be indicated with a minus sign.) Net cash flows

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Step 1

Statement of cash flows:

This statement reports all the cash transactions which are responsible for inflow and outflow of cash, and result of these transactions is reported as ending balance of cash at the end of reported period. Statement of cash flows includes the changes in cash balance due to operating, investing, and financing activities. Oper...

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