Prepare the investing section of Chivay, Inc.'s cash flow statement based on the following transactions: • Purchased equipment this year costing $27,000 using cash. There were no equipment disposals during the period. • Sold a building for $58,000. Purchased stock in Wedge, Inc. for $11,000. ⚫ Sold its investment in Wesley, Inc. for $7,000. Loaned $5,000 to an unrelated party. Prepare the investing section of Chivay, Inc.'s cash flow statement. (Use a minus sign or parentheses for any numbers to be subtracted and/or net cash used by activities. If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.) Chivay, Inc. Statement of Cash Flows (Partial) Investing Activities: Net Cash Provided (Used) by Investing Activities

Prepare the investing section of Chivay, Inc.'s cash flow statement based on the following transactions: • Purchased equipment this year costing $27,000 using cash. There were no equipment disposals during the period. • Sold a building for $58,000. Purchased stock in Wedge, Inc. for $11,000. ⚫ Sold its investment in Wesley, Inc. for $7,000. Loaned $5,000 to an unrelated party. Prepare the investing section of Chivay, Inc.'s cash flow statement. (Use a minus sign or parentheses for any numbers to be subtracted and/or net cash used by activities. If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.) Chivay, Inc. Statement of Cash Flows (Partial) Investing Activities: Net Cash Provided (Used) by Investing Activities

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 12P: Statement of Cash Flows A list of Fischer Companys cash flow activities is presented here: a. Patent...

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Use the following information to calculate the net cash provided (inflow) or used by (outflow) from financing activities for the Lulu Corporation: (a) Net income, $10,000 (b) Sold common stock for $40,000 cash (c) Paid cash dividend of $13,000 (d) Repayment of bond payable, $26,000 (e) Purchased equ for $12,000 cash (f) Issued long term mortgage notes payable for $250,000 cash. (Note: in the answer space, write only the number, with no $ signs or commas. That is, if your answer is $1,000, white it as : 1000 ). Answer:
What amount should be reported as net cash used in investing activities?
a. What is the net cash provided by financing activities?b. What is the net cash used in investing activities?
Please answer in good accounting form thankyou 12. What is the net cash provided by financing activities?