Exercise 13-7 Carter Hopkins Homes engaged in the following activities during th

Question

Exercise 13-7

Carter Hopkins Homes engaged in the following activities during the year:

Prepare the cash flows provided by investing activities section of Carter Hopkins Homes’ statement of cash flows. (Show amounts that decrease cash flow with either a - sign, e.g. -15,000 or in parentheses, e.g. (15,000).)

• Purchased 1,600 shares of Google for $404,900 • Sold 1,020 shares of Starbucks for $52,100 • Purchased new equipment costing $326,700 for cash • Sold equipment with a book value of $135,100 for $162,100

Explanation / Answer

Cash flows from investing activities Purchase of Equipment -$326,700 Sale of Equipment $162,100 Purchase of Shares -$404,900 Sale of Shares $52,100 Net cash used by investing activities -$517,400

Related Questions

Navigate

• Browse (All)
• Browse E
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.