i safari File Edit View History Bookmarks Window Help 85% ) Sat Apr 28 4:03 PM A

Question

i safari File Edit View History Bookmarks Window Help 85% ) Sat Apr 28 4:03 PM Alex E ezto.mheducation.com Home -alamo.edu MicGraw-Hill Connect Chapter 12 Exercises Rowe Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activites: 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 $ 5,135 971 1,517 21 30,164 56 144 7,594 287 100 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 (Partial Cash Flows from Investing Activities Cash Flows from Financing Activities PR 28 Safari.dmg popcorntime ap

Explanation / Answer

Cash flows from investing activities Cash paid for purchase of equipment $   (971) Proceeds from Sale of investment $     144 Proceeds from sale of equipment $ 7,594 Net cash provided by investing activities $ 6,767 Cash flows from financing activities Cash proceeds from borrowings $ 1,517 Proceeds from issuance of common stock $        21 Cash paid for reduce note payable $     (56) Cash paid for dividends $   (287) Net cash provided by financing activities $ 1,195

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