Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities: Net income Purchase of property, plant, and equipment Borrowings under line of credit (bank) Proceeds from issuance of stock: Cash received from customers Payments to reduce long-term debt. Sale of marketable securities Proceeds from sale of property and equipment Dividends paid Interest paid Purchase of treasury stock (stock repurchase) $5,148 2,078 1,122 15 37,170 57 237 6,878 277 95 2,565 Required: Based on this information, present the investing and financing activities sections of the cash flow statement. Note: List cash outflows as negative amounts.

Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities: Net income Purchase of property, plant, and equipment Borrowings under line of credit (bank) Proceeds from issuance of stock: Cash received from customers Payments to reduce long-term debt. Sale of marketable securities Proceeds from sale of property and equipment Dividends paid Interest paid Purchase of treasury stock (stock repurchase) $5,148 2,078 1,122 15 37,170 57 237 6,878 277 95 2,565 Required: Based on this information, present the investing and financing activities sections of the cash flow statement. Note: List cash outflows as negative amounts.

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter15: Investments And Fair Value Accounting

Section: Chapter Questions

Problem 2PB

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