Given the following cash transactions relating to Weatherford Company, what is the net cash flows from investing activities, using the direct method? Beginning cash balance is $83,600 and ending cash balance is $20,000. • Cash received from customers $38,000 ● Interest received $2,050 Purchase of 100,000 shares of common stock from Definite Company, fa cash $100,000 Paid cash for merchandise $30,000 • Received $18,700 for selling treasury stock • Received cash for selling old equipment $7,650 O $(92,350) O $107,650 O $7,650 $9,700

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter15: Statement Of Cash Flows
Section: Chapter Questions
Problem 2E: Effect of transactions on cash flows State the effect (cash receipt or cash payment and amount) of...
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Given the following cash transactions relating to Weatherford Company,
what is the net cash flows from investing activities, using the direct
method?
Beginning cash balance is $83,600 and ending cash balance is $20,000.
. Cash received from customers $38,000
. Interest received $2,050
• Purchase of 100,000 shares of common stock from Definite Company, for
cash $100,000
• Paid cash for merchandise $30,000
Received $18,700 for selling treasury stock
●
Received cash for selling old equipment $7,650
O $(92,350)
O $107,650
O $7,650
O $9,700
O $(90,300)
Question 8
Given the following cash transactions relating to Weatherford Company,
what is the net cash flows from financing activities, using the direct
method?
Beginning cash balance is $83,600 and ending cash balance is $20,000.
• Cash received from customers $38,000
• Interest received $2,050
●
Purchase of 100,000 shares of common stock from Definite Company, for
cash $100,000
• Paid cash for merchandise $30,000
Received $18,700 for selling treasury stock
• Received cash for selling old equipment $7,650
O $18,700
O $20,750
O $(81,300)
O $(100,000)
O $(79,250)
Transcribed Image Text:Given the following cash transactions relating to Weatherford Company, what is the net cash flows from investing activities, using the direct method? Beginning cash balance is $83,600 and ending cash balance is $20,000. . Cash received from customers $38,000 . Interest received $2,050 • Purchase of 100,000 shares of common stock from Definite Company, for cash $100,000 • Paid cash for merchandise $30,000 Received $18,700 for selling treasury stock ● Received cash for selling old equipment $7,650 O $(92,350) O $107,650 O $7,650 O $9,700 O $(90,300) Question 8 Given the following cash transactions relating to Weatherford Company, what is the net cash flows from financing activities, using the direct method? Beginning cash balance is $83,600 and ending cash balance is $20,000. • Cash received from customers $38,000 • Interest received $2,050 ● Purchase of 100,000 shares of common stock from Definite Company, for cash $100,000 • Paid cash for merchandise $30,000 Received $18,700 for selling treasury stock • Received cash for selling old equipment $7,650 O $18,700 O $20,750 O $(81,300) O $(100,000) O $(79,250)
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