True Blue Company increased its investments in marketable securities by $323,370

Question

True Blue Company increased its investments in marketable securities by $323,370 and paid $1,220,231 for new fixed assests during 2014. The company also repaid $779,200 of existing long-term debt while raising $913,455 of new debt capital. In addition True Blue had a net cash inflow of $345,002 from the sale of fixed assests and repurchased stock in the open markets for a total of $56,001. What is the net cash used in investing activities by True Blue? What is the net cash provide by the company's financing activities. Kindly explain in details how to work this problem.

Explanation / Answer

**repayment of old debt by issuing new debt is a non cash transaction

Cash Flow from Investing activity investments in marketable securities (323370) Purchase of fixed asset (1220231) sale of fixed asset 345002 net cash used in investing activities (1198599) cash flow from financing activity purchase of treasury stock (56001) Net cash used by financing activity (56001)

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