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ID: 2473022 • Letter: N
Question
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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
OWE 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) $1,059 Total Cash flow from Investing & Financing Activities $ 6,188 Pls note interets payment is part of cash flow from operating activities
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