Tuesday 4 December 2018

Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities:

Oering's Furniture Corporation is a Virginia-based manufacturer of furniture. In a recent year, it reported the following activities:

    
Net income$5,140
Purchase of property, plant, and equipment 1,074
Borrowings under line of credit (bank) 1,120
Proceeds from issuance of stock 24
Cash received from customers 37,179
Payments to reduce long-term debt 62
Sale of marketable securities 230
Proceeds from sale of property and equipment 6,884
Dividends paid 295
Interest paid 95
Purchase of treasury stock (stock repurchase) 2,565



Required:
Based on this information, present the cash flows from investing and financing activities sections of the cash flow statement. (List cash outflows as negative amounts.)



Answer



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