Chapter 10
The Statement of Cash Flow
510
AP-7B (
2
)
The following events took place during 2016 at Bernard Company. Based on the information
given, calculate how much cash inflow or outflow there was from investing activities.
Gain on sale of investments
$4,000
Sale of investments (including gain)
$50,000
Issued company shares
$60,000
Paid off a bank loan
$30,000
Purchased equipment
$70,000
AP-8B (
2
)
The following events took place during 2016 to Shaw Company. Based on the information
given, calculate how much cash inflow or outflow there was from financing activities.
Loss on sale of land
$10,000
Sale of land (including loss)
$110,000
Issued company shares
$120,000
Paid off a bank loan
$50,000
Paid dividends
$30,000
Depreciation Expense
$6,000
