FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Itranscript
The following summary transactions occurred during the year for Marigold.
Cash received from:
Collections from customers
Interest on notes receivable
Collection of notes receivable
Sale of investments
Issuance of notes payable
Cash paid for:
Purchase of inventory
Interest on notes payable
Purchase of equipment
Salaries to employees
Payment of notes payable
Dividends to shareholders
$391,000
11,500
60,000
34,900
111,000
Cash flows from investing activities:
171,000
10,500
96,000
Required:
Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus
Net cash flows from investing activities
101,000
30,500
1,000
MARIGOLD COMPUTER
Statement of Cash Flows (partial)
For the Year Ended December 31, 2024
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Transcribed Image Text:Itranscript The following summary transactions occurred during the year for Marigold. Cash received from: Collections from customers Interest on notes receivable Collection of notes receivable Sale of investments Issuance of notes payable Cash paid for: Purchase of inventory Interest on notes payable Purchase of equipment Salaries to employees Payment of notes payable Dividends to shareholders $391,000 11,500 60,000 34,900 111,000 Cash flows from investing activities: 171,000 10,500 96,000 Required: Calculate net cash flows from investing activities. (Amounts to be deducted should be indicated with a minus Net cash flows from investing activities 101,000 30,500 1,000 MARIGOLD COMPUTER Statement of Cash Flows (partial) For the Year Ended December 31, 2024
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