A restaurant purchased new kitchen equipment for 44480 old, Ask an Expert

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A restaurant purchased new kitchen equipment for $44,480. Old kitchen equipment was sold for $1,200. A long-term investment was sold for $50,000. Equity stock was bought back (repurchased) for $18,000, and a cash dividend was paid in the amount of $36,600. The company in- creased its long-term debt by $60,000.

a. Determine the net cash flow from investing activities.

b. Determine the net cash flow from financing activities.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92375152

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