Rowe Furniture Corporation is a Virginia-based manufacturer of furniture. In a r

Question

Rowe Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities: S 5,035 961 1,507 Net income Purchase of equipment Borrowings under line of credit (bank) Proceeds from issuance of common stock Cash received from customers Payments to reduce notes payable (long-term) Sale of investments Proceeds from sale of equipment Dividends paid Interest paid 30,064 143 7,494 Required: 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.) ROWE FURNITURE CORPORATION Statement of Cash Flows (P Cash Flows from Investing Activities Cash Flows from Financing Activities:

Explanation / Answer

3.

Please note that only one question will answer at a time

Cash flows from investing activities Cash paid for purchase of equipment $   (961) Proceeds from sale of equipment $ 7,494 Cash received from sale of investment $     143 Net cash provided by investing activities $ 6,676 Cash flows from financing activities Cash paid for dividend $   (286) Repayment of note $     (55) Proceeds from borrowings $ 1,507 Proceeds from issue of shares   $        20 Interest paid $     (99) Net cash flow provided by financing activities $ 1,087

Related Questions

Navigate

• Browse (All)
• Browse R
• Subjects

---

---

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