Crowdly
Add to Chrome
In preparing a company's statement of cash flows for the most recent year, the f...
✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.
In preparing a company's statement of cash flows for the most recent year, the following information is available:
| Loss on the sale of equipment | $ 15,100 |
|---|---|
| Purchase of equipment for cash | 156,000 |
| Proceeds from the sale of equipment | 137,000 |
| Repayment of outstanding bonds | 92,500 |
| Purchase of treasury stock | 67,500 |
| Issuance of common stock | 101,500 |
| Purchase of land for cash | 126,000 |
| Increase in accounts receivable during the year | 48,500 |
| Decrease in accounts payable during the year | 80,500 |
| Payment of cash dividends | 40,500 |
Net cash flows from investing activities for the year were:
0%
0%
0%
0%
100%