Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported...
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Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities:
Modern Movables Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities 3,135 Net income Purchase of equipment Borrowings under line of credit (bank) Proceeds from issuance of common stock Cash received from customers Payments to reduce notes payable (long-term) Sale of investments Proceeds from sale of equipment Dividends paid Interest paid 1,317 31 28,164 36 124 5,594 267 80 Required: Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (Amounts to be deducted should be indicated with a minus sign.) MODERN MOVABLES CORPORATION Statement of Cash Flows (Partial) Cash Flows from Investing Activities: Cash Flows from Financing Activities
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