Business
Business, 05.05.2020 08:43, Flowershere121

I need help with this problem! I keep getting it wrong can you help? Rowe Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent quarter, it reported the following activities:

Net income $ 3,335
Purchase of equipment 791
Borrowings under line of credit (bank) 1,337
Proceeds from issuance of common stock 29
Cash received from customers 28,364
Payments to reduce notes payable (long-term) 38
Sale of investments 126
Proceeds from sale of equipment 5,794
Dividends paid 269
Interest paid 82
Required:
Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement.(Amounts to be deducted should be indicated with a minus sign.

ROWE FURNITURE CORPORATION
Statement of Cash Flows (Partial)
Cash Flows from Investing Activities:
Purchase of Equipment $(791)
Sale of Investments 126
Proceeds from Sale of Equipment 5,794
$5,129
Cash Flows from Financing Activities:
Borrowings Under Line of Credit $1,337
Proceeds from Issuance of Common Stock 29
Payments on Notes Payable (long-term) (38)
Payment of Dividends (269)
Interest Paid (82)
$977

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Answers: 3

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