Snow Manufacturing Company engaged in the following activities during the year:
$\bullet$Purchased land at a cost of $300,000
$\bullet$Sold equipment that cost $25,000 for $10,000
$\bullet$Sold 100 shares of stock for $18 each
$\bullet$Received a dividend totaling $12,000 from a company in which Snow owned stock
Required:

Prepare the cash flows provided by investing activities section of Snow’s statement of cash flows.

Question

Snow Manufacturing Company engaged in the following activities during the year:
$\bullet$Purchased land at a cost of $300,000
$\bullet$Sold equipment that cost $25,000 for $10,000
$\bullet$Sold 100 shares of stock for $18 each
$\bullet$Received a dividend totaling $12,000 from a company in which Snow owned stock
Required:

Prepare the cash flows provided by investing activities section of Snow’s statement of cash flows.

Quizplus · Accepted Answer

The Answer of Snow Manufacturing Company engaged in the following activities during the year:
$\bullet$Purchased land at a cost of $300,000
$\bullet$Sold equipment that cost $25,000 for $10,000
$\bullet$Sold 100 shares of stock for $18 each
$\bullet$Received a dividend totaling $12,000 from a company in which Snow owned stock
Required:

Prepare the cash flows provided by investing activities section of Snow’s statement of cash flows.

Snow Manufacturing Company Engaged in the Following Activities During the Year