to prepare its statement of cash flows for the year ended december 3 1 2007 wright c 541514
P9-58. Calculate investing and financing cash flows. (LO 6)
To prepare its statement of cash flows for the year ended December 3 1, 2007, Wright Company gathered the following information.
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to prepare its statement of cash flows for the year ended december 3 1 2007 wright c 541514
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|
Proceeds from bond issue (face value $100,000) |
$120,000 |
|
Amortization of bond premium |
1,000 |
|
Dividends declared |
15,000 |
|
Dividends paid |
12,000 |
|
Purchase of treasury stock |
50,000 |
|
Loss on sale of machinery |
18,000 |
|
Proceeds from sale of machinery |
30,000 |
Required
a. Prepare the cash from investing section of the statement of cash flows
b. Prepare the cash from financing section of the statement of cash flows.
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