Cash Flow from Investing Activities $12,000 Using the information for the Melville Corporation, calculate the cash flow from investing activities. Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash balance, December 31 4,000 5,000 7,000 22,000 23,000 Cash paid as dividends 31,000 Cash paid to purchase land 90,000 Cash paid to retire bonds payable at par 60,000 Cash received from issuance of common stock 37,000 Cash received from sale of equipment 19,000 Depreciation expense 29,000 Gain on sale of equipment 4,000 Inventory decrease Net income Prepaid expenses increase 13,000 80,000 2,000 Use a negative sign with answer to show cash outflow from (used by) investing activities. Cash flow from (or used by) investing activities $ 0
Cash Flow from Investing Activities $12,000 Using the information for the Melville Corporation, calculate the cash flow from investing activities. Accounts payable increase Accounts receivable increase Accrued liabilities decrease Amortization expense Cash balance, January 1 Cash balance, December 31 4,000 5,000 7,000 22,000 23,000 Cash paid as dividends 31,000 Cash paid to purchase land 90,000 Cash paid to retire bonds payable at par 60,000 Cash received from issuance of common stock 37,000 Cash received from sale of equipment 19,000 Depreciation expense 29,000 Gain on sale of equipment 4,000 Inventory decrease Net income Prepaid expenses increase 13,000 80,000 2,000 Use a negative sign with answer to show cash outflow from (used by) investing activities. Cash flow from (or used by) investing activities $ 0
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter23: Statement Of Cash Flows
Section: Chapter Questions
Problem 6SEA
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