Cash Flow Statement
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Walter Inc. recorded the following events last year:
Issuance of shares of the company's own common stock $150,000
Purchase of long-term investment $60,000
Dividends paid to company's own shareholders $27,000
Cash paid to suppliers for inventory purchases $2,000
Repayment of principal on the company's own bonds $190,000
Interest paid to lenders $18,000
Collection by Spade of a loan made to another company $130,000
Purchase of equipment $370,000
On the statement of cash flows, some of these events are classified as operating activities, some are classified as investing activities, and some are classified as financing activities.
A. Based solely on the information above, the net cash provided by (used in) financing activities on the statement of cash flows would be:
B. Based solely on the information above, the net cash provided by (used in) investing activities on the statement of cash flows would be:
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Solution Summary
The expert examines calculation for operating Cash flow, investing cash flow, financing cash flow
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A. Based solely on the information above, the net cash provided by (used in) financing activities on the statement of cash flows would be:
Issuance of shares ...
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