Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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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
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Transcribed Image Text: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
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Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:Cengage Learning