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The following transactions occurred at BBS Company in 2022. 1. The company purchased a new building for $306,000. A down payment of $51,000 was made. The balance is due in four equal annual installments (plus interest) beginning July 1, 2023. 2 The company bought 1,000 shares of its own common stock for $21,000. 3. The company purchased as an investment $52,000 par value of Ridge Company's 8 percent bonds, maturing in five years. The purchase price was $50,000. Required: Compute the company's net cash flow from investing activities. (Amounts to be deducted should be indicated with a minus sign.) X Answer is complete but not entirely correct. Cash flows from investing activities Purchase of new building Os 51,000 X Purchase of investment in bonds 50,000 X Purchase of treasury stock Cash provided by investing activities $ 101.000

The following transactions occurred at BBS Company in 2022. 1. The company purchased a new building for $306,000. A down payment of $51,000 was made. The balance is due in four equal annual installments (plus interest) beginning July 1, 2023. 2 The company bought 1,000 shares of its own common stock for $21,000. 3. The company purchased as an investment $52,000 par value of Ridge Company's 8 percent bonds, maturing in five years. The purchase price was $50,000. Required: Compute the company's net cash flow from investing activities. (Amounts to be deducted should be indicated with a minus sign.) X Answer is complete but not entirely correct. Cash flows from investing activities Purchase of new building Os 51,000 X Purchase of investment in bonds 50,000 X Purchase of treasury stock Cash provided by investing activities $ 101.000

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter14: Statement Of Cash Flows
Section: Chapter Questions
Problem 37E: During 20X1, Craig Company had the following transactions: a. Purchased 300,000 of 10-year bonds...
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The following transactions occurred at BBS Company in 2022. 1. The company purchased a new building for $306,000. A down payment of $51,000 was made. The balance is due in four equal annual installments (plus interest) beginning July 1, 2023. 2 The company bought 1,000 shares of its own common stock for $21,000. 3. The company purchased as an investment $52,000 par value of Ridge Company's 8 percent bonds, maturing in five years. The purchase price was $50,000. Required: Compute the company's net cash flow from investing activities. (Amounts to be deducted should be indicated with a minus sign.) X Answer is complete but not entirely correct. Cash flows from investing activities Purchase of new building O$ 51,000 X Purchase of investment in bonds 50,000 X Purchase of treasury stock Cash provided by investing activities $ 101,000
Transcribed Image Text:The following transactions occurred at BBS Company in 2022. 1. The company purchased a new building for $306,000. A down payment of $51,000 was made. The balance is due in four equal annual installments (plus interest) beginning July 1, 2023. 2 The company bought 1,000 shares of its own common stock for $21,000. 3. The company purchased as an investment $52,000 par value of Ridge Company's 8 percent bonds, maturing in five years. The purchase price was $50,000. Required: Compute the company's net cash flow from investing activities. (Amounts to be deducted should be indicated with a minus sign.) X Answer is complete but not entirely correct. Cash flows from investing activities Purchase of new building O$ 51,000 X Purchase of investment in bonds 50,000 X Purchase of treasury stock Cash provided by investing activities $ 101,000
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