altosal
Dec 9, 2010, 06:11 PM
Gain on sale of equipment 8,000
Purchase of Will Bonds ($300,000 face value) 275,000
Proceeds from sale of machinery 300,000
Dividends paid 50,000
Proceeds from sale of treasury stock 200,000
Net cash from investing and financing activities = 50,000 and 160,000 and the gain on sale of equipment should be added to net
Purchase of Will Bonds ($300,000 face value) 275,000
Proceeds from sale of machinery 300,000
Dividends paid 50,000
Proceeds from sale of treasury stock 200,000
Net cash from investing and financing activities = 50,000 and 160,000 and the gain on sale of equipment should be added to net