Rowe Furniture Corporation is a Virginia-based manufacturer of furniture. In a r

Question

Rowe Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities Net income Purchase of equipment Borrowings under line of credit (bank) Proceeds from issuance of common stock Cash received from customers Payments to reduce notes payable (long-term) Sale of investments Proceeds from sale of equipment Dividends paid Interest paid $ 4,435 901 1,447 14 29,464 49 137 6,894 280 93 Required Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement.(Amounts to be deducted should be indicated with a minus sign.) ROWE FURNITURE CORPORATION Statement of Cash Flows (Partial) Cash Flows from Investing Activities: 0 Cash Flows from Financing Activities: 0 IMG-0588.jpg IMG 0589.jpg IMG 0591.jpg 284FINALEXAMS esc F4 F5 F6 4

Explanation / Answer

ROWE FURNITURE CORPORATION

STATEMENT OF CASH FLOWS (PARTIAL)

Cash Flow from investing activities $ $ Purchase of property, plant & equipment (901) Sale of Investment 137 Proceeds from sale of equipment 6,894 Net cash flow from Investing activities $6,130 Cash Flow from Financing activities Borrowing under line of credit(Bank) $1,447 Proceeds from issue of common stock $14 Payment to reduce the notes payable ($49) Dividends paid ($280) Net Cash flow from Financing activities $1,132

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