Oring's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it...
Question:
Oring's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities
| Net income | $ 5,135 |
| Purchases of property, plant, and equipment | 1,071 |
| Borrowing underline of crud (bank) | 1,117 |
| Proceeds from issuance of stock | 11 |
| Cash received from cusses | 37,164 |
| Payments to reduce long aim debt | 46 |
| Sale of marketable securities | 219 |
| Proceeds from the sale of property and equipment | 6,894 |
| Dividends paid | 277 |
| Interest paid | 90 |
| Purchas of the treasury (stock repurchase) | 2 .583 |
Required:
Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement.
What Is The Cash Flow Statement:
A company's cash flow statement for a given period reflects the changes in the company's cash position from the beginning of the period and the end of the current period. It is usually prepared quarterly by public companies.
Answer and Explanation: 1
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View this answerCash flows from investing activities:
- This relates to all items that are long-term assets
| Purchases of property, plant, and equipment | -1,071 |
| Sale of... |
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