Oering\'s Furniture Corporation is a Virginia-based manufacturer of furniture. I

Question

Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities:

Required:

Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (List cash outflows as negative amounts.)

Purchase of property, plant, and equipment Borrowings under line of credit (bank) Proceeds from issuance of stock Cash received from customers Payments to reduce long-term debt Sale of marketable securities $ 5,138 1,080 1,125 12 37,167 64 227 6,889 282 90 2,564 Dividends paid Interest paid Purchase of treasury stock (stock repurchase)

Explanation / Answer

Explanation :  

OERING'S FURNITURE CORPORATION Statement of Cash Flows (Partial) Description Amount($) Amount($) Cash Flows from investing activities : Purchase of property ,plant & equipment (1,080) Sale of marketable securities 227 Proceeds from sales of property & equipment 6,889 Net cash flows from investing activities 6,036 Cash Flows from financing activities : Borrowing under line of credit (bank) 1,125 Proceeds from issuance of stock 12 Payments to reduce long term debt (64) Payment of Dividends (282) Purchase of treasure stock (2,564) Net cash flows from financing activities (1,773)

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