The following transactions occurred for A New Company Inc. at the end of the year:
a Purchased a new building by paying $ cash and signing a note payable for $ Sold furniture that had an original cost of $ for a gain of $ The book value of the
b furniture at the time of the sale was $
c Purchased new furniture for $ cash.
d Sold old computer equipment for $ cash.
e Dividends of $ were paid in cash.
Requirement: Complete the Investing Activities section of the Statement of Cash Flows.
Enter amounts subtracted or cash paidused as negative amounts.
A New Company Inc.
Partial Statement of Cash Flows
For Year Ended December
Cash flows from investing activities:
Cash paid on building
Cash received from sale of furniture
Cash paid for furniture
Cash received from sale of computer equipment
Net cash used by investing activities
