Determine the amount of cash received and paid for financing and investing activ

Question

Determine the amount of cash received and paid for financing and investing activities and the cash flows as they would appear on Rogerson's statement of cash flows for the year ended December 31, 20-2. Use a minus to indicate any decreases in cash or cash outflows. Cash Flows from Investing and Financing Activities on Company's comparative balance sheet as of December 31, 20-2 and 20-1, showed the following with regard to investing and financing ties: 20-2 20-1 Building Equipment Notes payable Common stock at par Paid-in capital in excess of par 78,100 48,300 Retained earnings Net income for 20-2 was $91,600, and cash dividends of $32,400 were declared and paid. Rogerson did not sell any buildings or equipment and did not retire any debt $139,300 so 81,600 31,100 21,300 312,300 261,000 264,500 205,300 Cash Flows thev wnuld annear on Ronerenn Determine the amount of cash received and nain for finaneino and investino artivities and the cash fows as t Previous Next

Explanation / Answer

Cash flow statement

Investing Activities

purchase of building

-139300

purchase of equipment

-81600

cash flow from investing activities

-220900

Financing activities

increase in notes payable

9800

issuance of common stock

81100

payment of dividend

-32400

cash flow from financing activities

58500

Issuance of common stock

increase in common stock+ increase in additional paid in capital in excess of par

81100

Cash flow statement

Investing Activities

purchase of building

-139300

purchase of equipment

-81600

cash flow from investing activities

-220900

Financing activities

increase in notes payable

9800

issuance of common stock

81100

payment of dividend

-32400

cash flow from financing activities

58500

Issuance of common stock

increase in common stock+ increase in additional paid in capital in excess of par

81100

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.