The following information applies to the questions displayed below.] Net income
ID: 2479145 • Letter: T
Question
The following information applies to the questions displayed below.] Net income $ 8,000 Cash dividends paid to stockholders 2,100 Cash proceeds from sale of land 3,050 Cash proceeds from bank loan 5,300 Cash payment (principal) on bank loan 1,200 Cash paid to purchase equipment 4,200
The company would report net cash provided by (used in) investing activities of: $(1,850) $(1,150) $8,000 $5,300
The company would report net cash provided by (used in) financing activities of: $5,300 $2,000 $6,500 $(2,875)
Explanation / Answer
The company would report net cash provided by (used in) investing activities of:
=Cash proceeds from sale of land -ash paid to purchase equipment=$3,050-$4,200=($1,150)
The company would report net cash provided by (used in) financing activities of:
=-dividends paid to stockholders+Cash proceeds from bank loan-Cash payment (principal) on bank loan
=-$2,100+$5,300-$1,200=$2,000
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.