Given the Following Selected Information,determine the Net Cash Flows from Investing

question 74

Essay

Given the following selected information,determine the net cash flows from investing activities and the net cash flows from financing activities:
Net income was $189,500 for the period.
Purchased 10,000 shares of common stock at $15 per share for the treasury.
Sold equipment with a carrying value of $32,500 at a gain of $6,000.
Purchased land and a building worth $450,000 by signing a ten-year note payable.
Issued $1,000,000 in bonds at par.
The beginning and ending retained earnings account balances were $418,000 and $534,000,respectively.There were no prior period adjustments during the period.
Wrote a check for $648,000 for the purchase of machinery.
Sold temporary investments in marketable securities with a $50,000 carrying value,at a loss of $17,500.
Cash dividends were declared and paid during the period.

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Definitions:

Pain Relief

The reduction or elimination of pain using various methods, including medication, therapy, or alternative approaches.

Terminal Illness

A disease or condition that is likely to lead to death, often within a relatively short time.

Palliative Care

Specialized medical care focused on providing relief from the symptoms and stress of a serious illness, aimed at improving quality of life.

Symptom Control

The management and alleviation of the signs and symptoms of a disease or condition without necessarily addressing the underlying cause.