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net cash flows from investing activities.

net cash flows from investing activities.

Financial Accounting: The Impact on Decision Makers
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter12: The Statement Of Cash Flows
Section: Chapter Questions
Problem 12.2E
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D&D Company reports select items from its statement of cash flows. Identify those items related to investing activities and compute net cash flows from investing activities. Activity Cash paid to purchase property Cash from selling merchandise Cash paid for income taxes Cash received from a long-term note Cash paid to repurchase stock O Cash received from sale of investments Cash received from issuing equity shares Cash paid to purchase merchandise Cash paid to purchase investment securities Cash paid in salaries and wages Note: Cash outflows should be indicated by a minus sign. Answer is complete but not entirely correct. Amount Activity Cash from selling merchandise Cash paid for income taxes Cash paid to purchase merchandise Cash paid in salaries and wages Net cash flows from investing activities **** 688,000 135,000 710,000 410,000 $ 1,943,000 Amount $ 400,000 688,000 135,000 850,000 100,000 40,000 500,000 710,000 50,000 410,000
Transcribed Image Text:D&D Company reports select items from its statement of cash flows. Identify those items related to investing activities and compute net cash flows from investing activities. Activity Cash paid to purchase property Cash from selling merchandise Cash paid for income taxes Cash received from a long-term note Cash paid to repurchase stock O Cash received from sale of investments Cash received from issuing equity shares Cash paid to purchase merchandise Cash paid to purchase investment securities Cash paid in salaries and wages Note: Cash outflows should be indicated by a minus sign. Answer is complete but not entirely correct. Amount Activity Cash from selling merchandise Cash paid for income taxes Cash paid to purchase merchandise Cash paid in salaries and wages Net cash flows from investing activities **** 688,000 135,000 710,000 410,000 $ 1,943,000 Amount $ 400,000 688,000 135,000 850,000 100,000 40,000 500,000 710,000 50,000 410,000
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