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Information for Frobisher Inc Was as Follows

question 51

Essay

Information for Frobisher Inc was as follows:
a) On December 31, 2013, sold an operational asset with a carrying value of $8,000 for $5,000 cash, resulting in a $3,000 loss.
b) Amortization expense for the year was $4,000.c) Sold 200 common shares at $10 per share.
d) Paid $10,000 on a long-term note payable.
e) Sold a long-term investment that had cost $400 for $500.f) Inventory increased $2,500 over the year.
g) Net income for the year was $125,000.
h) The company paid dividends of $24,000 during the year and incurred $3,500 in interest expense.
Required:
A) What was the cash flow from investing activities for Frobisher for 2013? Show calculations.
B) What was the cash flow from financing activities for Frobisher for 2013? Show calculations.

Definitions:

Warren Bennis

An American scholar and leadership expert known for his significant contributions to the study of leadership, organizational development, and management.

Leaders

Individuals who inspire, influence, and guide others within an organization or community toward achieving collective goals and vision.

Management

The process of organizing, planning, directing, and controlling resources to achieve organizational goals effectively and efficiently.

Vision

A positive and future-focused image of what could and should be that focuses and energizes people; an essential requirement for effective leadership. A successful vision is leader-initiated, shared and supported by followers, comprehensive and detailed, and uplifting and inspiring.