Laker Company has provided the following information for its most recent year of operation:
Posted: Sat Aug 07, 2021 7:20 am
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122) Laker Company has provided the following information for its most recent year of
operation:
Cash collected from customers totaled $99,300.
Cash borrowed from banks totaled $42,700.
Cash paid to employees totaled $23,300.
Cash paid for rent totaled $3,100.
Cash received from selling an investment in Husky stock totaled $73,000.
Cash payments to banks for repayment of money borrowed totaled $9,700.
Cash paid for operating expenses totaled $11,200.
Land costing $75,000 was sold for $75,000 cash.
Cash paid for dividend payments to stockholders totaled $7,700.
Calculate Laker's net cash flow from investing activities.
Answer: Net cash flow from investing activities = $148,000 = Cash received from selling an
investment in Husky stock ($73,000) plus cash received from selling land ($75,000).
122) Laker Company has provided the following information for its most recent year of
operation:
Cash collected from customers totaled $99,300.
Cash borrowed from banks totaled $42,700.
Cash paid to employees totaled $23,300.
Cash paid for rent totaled $3,100.
Cash received from selling an investment in Husky stock totaled $73,000.
Cash payments to banks for repayment of money borrowed totaled $9,700.
Cash paid for operating expenses totaled $11,200.
Land costing $75,000 was sold for $75,000 cash.
Cash paid for dividend payments to stockholders totaled $7,700.
Calculate Laker's net cash flow from investing activities.
Answer: Net cash flow from investing activities = $148,000 = Cash received from selling an
investment in Husky stock ($73,000) plus cash received from selling land ($75,000).