Question Details

Compute net cash flows from financing activities 



1
During 2011, Baxter Company sold a building with a book value of $145,000 for proceeds of $162,000. The company also sold long-term investments for proceeds of $45,000. 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 2011. 

Instructions
Compute net cash flows from investing activities.


2
Mover Company issued ordinary shares for proceeds of €19,000 during 2011.  The company paid dividends of €2,000. The company also issued a long-term note payable for €30,000 in exchange for equipment during the year. The company sold treasury shares that had a cost of €2,000 for €4,000. 

Instructions
Compute net cash flows from financing activities.




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