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ezto.mneducation.com/hm.tpx for customers such as Home Depot, Lowe\'s, Chrysler,

ID: 2585213 • Letter: E

Question

ezto.mneducation.com/hm.tpx for customers such as Home Depot, Lowe's, Chrysler, Ford, and General Motors.In the year ended December 31, 2013, t reported the following activities: Net income (loss) Purchase of equipment Payments on notes payable to bank Net proceeds from stock issuance $ (4,833) 5,740 206,094 696 27,850 12,690 1,420 210,800 Proceeds from sale of equipment Increase in accounts recelvable Proceeds from notes payable to bank Required Based on this information, present the cash flows from the investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated by a minus sign.) TRAFALGAR INDUSTRIES, INC. Statement of Cash Flows (Partial) For the Year Ended December 31, 2013 Cash Flows from Investing Activities: Cash Flows from Financing Activities: Type here to search

Explanation / Answer

Cash flows from investing activities: Proceeds from sale of equipment 12690 Purchase of equipment -15740 Net cash used by investing activities -3050 Cash flows from financing activities: Payments on notes payable to bank -206094 Net proceeds from stock issuance 696 Proceeds from notes payable to bank 210800 Net Cash flows from financing activities 5402