The following information was taken from the accounting records of Oregon Corporation for 2007: Proceeds from issuance of preferred stock $4,000,000 Dividends paid on preferred stock 400,000 Bonds payable converted to common stock 2,000,000 Payment for purchase of machinery 500,000 Proceeds from the sale of plant building 1,200,000 300,000 200,000 2% stock dividend on common stock Gain on sale of plant building Oregon's statement of cash flows for the year ended December 31, 2007, should show the following amounts for investing and financing activities, based on the preceding information: Net Cash Flows From Investing Activities Net Cash Flows From Financing Activities a. $700,000 b. $700,000 C. $900,000 d. $900,000 $3,600,000 $3,900,000 $3,900,000 $5,600,000
The following information was taken from the accounting records of Oregon Corporation for 2007: Proceeds from issuance of preferred stock $4,000,000 Dividends paid on preferred stock 400,000 Bonds payable converted to common stock 2,000,000 Payment for purchase of machinery 500,000 Proceeds from the sale of plant building 1,200,000 300,000 200,000 2% stock dividend on common stock Gain on sale of plant building Oregon's statement of cash flows for the year ended December 31, 2007, should show the following amounts for investing and financing activities, based on the preceding information: Net Cash Flows From Investing Activities Net Cash Flows From Financing Activities a. $700,000 b. $700,000 C. $900,000 d. $900,000 $3,600,000 $3,900,000 $3,900,000 $5,600,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The following information was taken from the accounting records of Oregon Corporation for
2007:
Proceeds from issuance of preferred stock $4,000,000
Dividends paid on preferred stock
400,000
Bonds payable converted to common stock
2,000,000
Payment for purchase of machinery
500,000
Proceeds from the sale of plant building
1,200,000
300,000
200,000
2% stock dividend on common stock
Gain on sale of plant building
Oregon's statement of cash flows for the year ended December 31, 2007, should show the
following amounts for investing and financing activities, based on the preceding
information:
Net Cash Flows From Investing Activities Net Cash Flows From Financing Activities
a.
$700,000
b. $700,000
C. $900,000
d. $900,000
$3,600,000
$3,900,000
$3,900,000
$5,600,000
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