Flow Company has provided the following information for the year ended December 31, 2016: • Cash paid for interest, $20,000 • Cash paid for dividends, $6,000 • Cash dividends received, $4,000 • Cash proceeds from bank loan, $29,000 • Cash purchase of treasury stock, $11,000 • Cash paid for equipment purchase, $27,000 • Cash received from issuance of common stock, $37,000 • Cash received from sale of land with a $32,000 book value, $25,000 • Acquisition of land costing $51,000 in exchange for preferred stock issuance • Payment of a $100,000 note payable by exchanging used machinery with a $77,000 book value and $100,000 fair value How much was Flow's net cash flow from investing activities?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Flow Company has provided the following information for the year ended December 31, 2016:

• Cash paid for interest, $20,000

• Cash paid for dividends, $6,000

• Cash dividends received, $4,000

• Cash proceeds from bank loan, $29,000

• Cash purchase of treasury stock, $11,000

• Cash paid for equipment purchase, $27,000

• Cash received from issuance of common stock, $37,000

• Cash received from sale of land with a $32,000 book value, $25,000

• Acquisition of land costing $51,000 in exchange for preferred stock issuance

• Payment of a $100,000 note payable by exchanging used machinery with a $77,000 book value and $100,000 fair value

How much was Flow's net cash flow from investing activities?

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