Zumiez Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities: Net income$ 1,770Purchase of equipment9,061Borrowings under line of credit (bank)29,227Proceeds from issuance of common stock426Cash received from customers421,158Payments to reduce notes payable (long-term)24,233Proceeds from sale of marketable securities41,200Purchase of marketable securities35,046Income taxes paid7,362Other fixed assets purchased with promissory notes3,496 Required:Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated with a minus sign.) Uller ILATU asselD риспареи WICH MISSLY HOLESRequired:Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (Amountsto be deducted should be indicated with a minus sign.)ZUMIEZ INCORPORATEDStatement of Cash Flows (Partial)Cash Flows from Investing Activities:3,430Cash Flows from Financing Activities:

Cash Flow Statement - Statement of cash flow is a statement that shows inflow and outflow of cash…

Answered: Zumiez Incorporated is a…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 16CE

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Zumiez Incorporated is a Washington-based clothing and ski/skate accessories retailer. In a recent quarter, it reported the following activities:

Net income	$ 1,770
Purchase of equipment	9,061
Borrowings under line of credit (bank)	29,227
Proceeds from issuance of common stock	426
Cash received from customers	421,158
Payments to reduce notes payable (long-term)	24,233
Proceeds from sale of marketable securities	41,200
Purchase of marketable securities	35,046
Income taxes paid	7,362
Other fixed assets purchased with promissory notes	3,496

Required:

Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated with a minus sign.)

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