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Business, 20.08.2019 18:10 nevecronin

Dristell inc. had the following activities during the year (all transactions are for cash unless stated otherwise): a building with a book value of $400,000 was sold for $500,000.additional common stock was issued for $160,000.dristell purchased its own common stock as treasury stock at a cost of $75,000.land was acquired by issuing a 6%, 10-year, $750,000 note payable to the seller. a dividend of $40,000 was paid to shareholders. an investment in fleet corp.’s common stock was made for $120,000.new equipment was purchased for $65,000.a $90,000 note payable issued three years ago was paid in full. a loan for $100,000 was made to one of dristell’s suppliers. the supplier plans to repay dristell this amount plus 10% interest within 18 months. required: calculate net cash flows from investing activities.

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