Question 7 fof 10 200 points Trafaigar Industries, Inc. is a manufacturer of ste

Question

Question 7 fof 10 200 points Trafaigar Industries, Inc. is a manufacturer of steel products for eustomers such as Home Depot, Lowe's, Chrysler, Ford, and General Motors In the year ended December 31, 2013, it reported the following S (4,733) 15.840 206.210 702 27,950 12.700 1.470 210,000 Net income (loss) Purchase of equipment Payments on notes payable to bank Net proceeds from stock issuance Proceeds from sale of equipment Prooeeds from notes payable to bark Based on this information, present the cash ftows from the investing and fnancing acdiveses sections of the cash fow statement (Amounts to be deducted should be indicated by a minus sign J Statement of Cash Flovws (Partial) Cash Flows from investing Acfivites Cash Flowsfrom Finanoing Activses Hints es eBook & Resources tint#1 O Type here to search

Explanation / Answer

TRAFALGAR INDUSTRIES INC. Statement of Cash Flows (Partial) For the year ended December 31,2013 Particulars Amount ($) Cash flows from Investing Activities Purchase of Equipment -15840 Proceeds from sale of equipment 12700 Net cash provided by (used for) Investing activities -3140 Cash flows from Financing Activities Payments on notes payable to bank -206219 Net proceeds from stock Issuance 702 Proceeds from notes payable to bank 210900 Net cash provided by (used for) Investing activities 5383

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