Question 11 (of 1 Oering\'s Furniture Corporation is a Virginia-based manufactur

ID: 2581739 • Letter: Q

Question

Question 11 (of 1 Oering's Furniture Corporation is a Virginia-based manufacturer of furniture, In a recent year, it reported the following activities Net income 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 Proceeds from sale of property and equipment Dividends paid Interest paid Purchase of treasury stock (stock repurchase) $ 5,138 ,087 1,121 21 37,177 61 230 6,889 286 95 2,569 Required Based on this information,p resent the cash flows from investing and financing activities sections of the cash flow statement. (List cash outflows a OERING'S FURNITURE CORPORATION Statement of Cash Flows (Partial) Cash flows from/investing activities:

Explanation / Answer

OERING'S FURNITURE CORPORATION

statement of cash flows (partial)

Cash flows from investing activities

Purchase of plant property and equipment

-1087

Sale of marketable securities

230

Proceeds from the sale of property and equipment

6889

Net cash flows from investing activities

6032

Cash flows from financing activities

Borrowing under line of credit

1121

Proceeds from issuance of stock

Payment on long term debt

-61

Payment of dividends

-286

Purchase of treasury stock

-2569

Net cash flows from financing activities

-1774