Prepare the operating investing and financing sections

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Reference no: EM13583664

For the most recent accounting year, a company reported the following operating and cash activities:

 

Investments in other companies

(8,628)

Increase in inventories

(2,685)

Depreciation and amortization

35,254

Long-term debt repayment

(165,243)

Net income

28,961

Proceeds from issuance of common stock

13,485

Proceeds from sale of property and equipment

3,590

Payment of dividends

(6,255)

Proceeds from long-term debt issuance

61,785

Purchases of property and equipment

(25,400)

Decrease in accounts receivable

5,291

Decrease in accounts payable

(8,466)

 

Requirements:

  1. Prepare the operating, investing and financing sections of the cash flow statement.
  2. Explain the major sources and uses of cash for the year.

 

Reference no: EM13583664

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