Topaz Unlimited, Incorporated, is a manufacturer of steel products for customers such as Home Depot, Lowe's, Chrysler, Ford, and General Motors. In the year ended December 31, 2018, it reported the following activities (amounts in thousands): $ 64,550 17,850 Net income Purchase of equipment Payments on notes payable to bank Net proceeds from stock issuance Depreciation Proceeds from sale of equipment 475 1,475 20,820 3,450 9,850 7,990 Decrease in accounts receivable Payments to acquire treasury stock Required: Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in thousands.) TOPAZ UNLIMITED, INCORPORATED Statement of Cash Flows (Partial) For the Year Ended December 31, 2018 Cash Flows from Investing Activities: Cash Flows from Financing Activities:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Topaz Unlimited, Incorporated, is a manufacturer of steel products for customers
such as Home Depot, Lowe's, Chrysler, Ford, and General Motors. In the year ended
December 31, 2018, it reported the following activities (amounts in thousands):
Net income
Purchase of equipment
Payments on notes payable to bank
Net proceeds from stock issuance
$ 64,550
17,850
475
1,475
20,820
3,450
9,850
7,990
Depreciation
Proceeds from sale of equipment
Decrease in accounts receivable
Payments to acquire treasury stock
Required:
Based on this information, present the cash flows from the investing and financing
activities sections of the cash flow statement. (Amounts to be deducted should be
indicated by a minus sign. Enter your answers in thousands.)
TOPAZ UNLIMITED, INCORPORATED
Statement of Cash Flows (Partial)
For the Year Ended December 31, 2018
Cash Flows from Investing Activities:
Cash Flows from Financing Activities:
---
Transcribed Image Text:Topaz Unlimited, Incorporated, is a manufacturer of steel products for customers such as Home Depot, Lowe's, Chrysler, Ford, and General Motors. In the year ended December 31, 2018, it reported the following activities (amounts in thousands): Net income Purchase of equipment Payments on notes payable to bank Net proceeds from stock issuance $ 64,550 17,850 475 1,475 20,820 3,450 9,850 7,990 Depreciation Proceeds from sale of equipment Decrease in accounts receivable Payments to acquire treasury stock Required: Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated by a minus sign. Enter your answers in thousands.) TOPAZ UNLIMITED, INCORPORATED Statement of Cash Flows (Partial) For the Year Ended December 31, 2018 Cash Flows from Investing Activities: Cash Flows from Financing Activities: ---
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