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:
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:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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