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

Question

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 1,520 shares of Google for $407,500 • Sold 1,020 shares of Starbucks for $52,200 • Purchased new equipment costing $310,200 for cash • Sold equipment with a book value of $134,100 for $155,900

Explanation / Answer

Cash flow from Investing activities Purchase of Equipment -$310,200 Sale of Equipment $155,900 Purchase of Shares -$407,500 Sale of Shares $52,200 Cash flow from Investing activities -$509,600

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