Question 11 (of 17) Oering\'s Furniture Corporation is a Virginia-based manufact

ID: 2592416 • Letter: Q

Question

Question 11 (of 17) Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities: S 5,138 1,087 1,121 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) 21 37,177 61 230 6,889 286 95 2,569 Required Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (List c negative amounts.)

Explanation / Answer

Answer

Cash Flows from Investing activities

Purchase of property, plant and equipment

(1087)

Sale of marketable securities

230

Proceeds from sale of property and equipment

6889

Net cash inflow(outflow) from Investing activities

6032

Cash flows from Financing activities

Borrowings under line of credit

1121

Proceeds from issuance of stock

payments to reduce long term debts

(61)

Dividends paid

(286)

Interest paid

(95)

Purchase of treasury stock

(2569)

Net cash inflows (outflows) from Financing activities

(1869)