Update! I need help with this problem! I keep getting it wrong can you help? Row

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Update!

I need help with this problem! I keep getting it wrong can you help? Rowe Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities:

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.

I need help with this problem! I keep getting it wrong can you help? Rowe Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities:

Explanation / Answer

Ans-

*Interest paid would be reported under operating activities.Thank You!!!

ROWE FURNITURE CORPORATION Statement of Cash Flows (Partial) Cash Flows from Investing Activities: Purchase of Equipment ($791) Sale of Investments 126 Proceeds from Sale of Equipment 5,794 $5,129 Cash Flows from Financing Activities: Borrowings Under Line of Credit $1,337 Proceeds from Issuance of Common Stock 29 Payments on Notes Payable (long-term) -38 Payment of Dividends -269 1059 $6,188

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