Question Details

Madisun Company issued common stock for proceeds 



1
During 2014, Blaine Company sold a building with a book value of $145,000 for proceeds of $175,000. The company also sold long-term investments for proceeds of $32,000. The company purchased land and a new building for $320,000 by signing a long-term note payable. No other transactions impacted long-term asset accounts during 2014. 

Instructions
Compute net cash flows from investing activities.

2
Madisun Company issued common stock for proceeds of $20,000 during 2014.  The company paid dividends of $5,000. The company also issued a long-term note payable for $35,000 in exchange for equipment during the year. The company sold treasury stock that had a cost of $3,000 for $9,000. 

Instructions
Compute net cash flows from financing activities.





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