I need help finding out the investing and financing sections of the statement of
ID: 2561138 • Letter: I
Question
I need help finding out the investing and financing sections of the statement of cash flows. Please and Thank you
Additional Information: Further discussion with Wolverine's controller reveals the follow ing information: l. On January 8, 2018, the company sold marketable equity securities for cash. 2. These securities had a cost of $9,200. Th e company's preferred stock is convertible into common stock at a rate of one share of preferred for two shares of common. The preferred stock and common stock have par values of $2 and $1, respectively 32.000, 21.300: 10.7 3. On July 17,201three acres ofland were sold for cash of$32,000. 4. On September 3, 2018, the company purchased equipm 5. On November 10, 2018, bonds payable were issued by the company at par for ent for cash. el.SOO 6. On December 15, 2013, the company declared and paid an $8,000 dividend to common stockholders. No dividends were received during 2018 from the 30% owned investee. X. 30 For purposes of the statement of cash flows, the company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents 7. 58B0 3 8. Required: red Methd Prepare a statement of cash flows for the Wolverine Company for 2018. indecr metnod Prepare a statement of cashExplanation / Answer
The question is to identify only Investing and financing activities:
List of items: Investing activities:
1. Proceeds from sale of Marketable Equity securities = +11,600
2. Proceeds from sale of land = +32,000
3. Purchase of Equipment = -81,500
List of items: Investing activities:
1. Proceeds received from issue of bonds = +65,000
2. Payment of dividend = -8,000
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