Flow Company has provided the following information for the year ended December
ID: 2488048 • Letter: F
Question
Flow Company has provided the following information for the year ended December 31, 2014: • Cash paid for interest, $23,000; • Cash paid for dividends, $6,600; • Cash dividends received, $4,600; • Cash proceeds from bank loan, $35,000; • Cash purchase of treasury stock, $14,000; • Cash paid for equipment purchase, $30,000; • Cash received from common stock, $40,000; • Cash received from sale of land with a $35,000 book value, $27,400; • Acquisition of land costing $54,000 in exchange for preferred stock issuance. • Paid a $130,000 note payable by exchanging used machinery with a $80,000 book value and $130,000 fair value How much was Flow's net cash flow from investing activities?
Explanation / Answer
Flow's net cash flow from investing activities
Cash dividends received, $4,600
Cash proceeds from bank loan, $35,000
Cash paid for equipment purchase, ($30,000)
Cash received from sale of land with a $35,000
Flow's net cash flow from investing activities=$44,600.
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