The following transactions occurred at BBS Company in 2022. 1. The company purchased a new building for $306,000. A down payment of $51,000 was made. The balance is due in four equal annual installments (plus interest) beginning July 1, 2023. 2 The company bought 1,000 shares of its own common stock for $21,000. 3. The company purchased as an investment $52,000 par value of Ridge Company's 8 percent bonds, maturing in five years. The purchase price was $50,000. Required: Compute the company's net cash flow from investing activities. (Amounts to be deducted should be indicated with a minus sign.) X Answer is complete but not entirely correct. Cash flows from investing activities Purchase of new building Os 51,000 X Purchase of investment in bonds 50,000 X Purchase of treasury stock Cash provided by investing activities $ 101.000

The following transactions occurred at BBS Company in 2022. 1. The company purchased a new building for $306,000. A down payment of $51,000 was made. The balance is due in four equal annual installments (plus interest) beginning July 1, 2023. 2 The company bought 1,000 shares of its own common stock for $21,000. 3. The company purchased as an investment $52,000 par value of Ridge Company's 8 percent bonds, maturing in five years. The purchase price was $50,000. Required: Compute the company's net cash flow from investing activities. (Amounts to be deducted should be indicated with a minus sign.) X Answer is complete but not entirely correct. Cash flows from investing activities Purchase of new building Os 51,000 X Purchase of investment in bonds 50,000 X Purchase of treasury stock Cash provided by investing activities $ 101.000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 1MC

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