Questio 8. value: 2.00 points Rowe Furniture Corporation is a Virginia-based man

Question

Questio 8. value: 2.00 points 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 s 4.335 801 .437 13 29384 48 136 6,794 279 92 Required: Based on this information, present the cash fows from investing and finanaing activities seations of the cash fow 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 Fows from Firanoing Actorities

Explanation / Answer

Cash flows from investing activities: Purchase of equipment -891 Sale of investments 136 Proceeds from sale of equipment 6794 Net cash flows from investing activities 6039 Cash flows from financing activities: Borrowings under line of credit 1437 Proceeds from issuance of stock 13 Payments on long-term notes payable -48 Payment of dividend -279 Net cash flows from financing activities 1123

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