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Unformatted text preview: 5-1BREMERHAVN SHIPPING COMPANYStatement of Cash Flows from Financing ActivitiesFor the Year Ended December 31, 20X8Cash flows from financing activities:Proceeds from issue of long-term debt€200,000Payment to retire long-term debt(160,000)Payment to retire common stock(35,000)Dividends paid(11,000)Net cash used for financing activities€(6,000)Notice especially that both proceeds from the new issue and the payment to retire long-term debt are listed. Presenting only the net amount, €40 of proceeds, is not permitted. Also, the interest is omitted because it is an operating activity, not a financing activity.5-2FAR-EAST TRADING COMPANYStatement of Cash Flows from Investing ActivitiesFor the Year 20X5Purchases of fixed assets$(160,000)Proceeds from the sale of fixed assets20,000Investment in Repulski Company(60,000)Net cash used for investing activities$(200,000)5-3POULSBO BAY COMPANYSchedule of Noncash Investing and Financing ActivitiesNote payable issued for acquisition of fixed assets...
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- Spring '08
- Cash Flow Statement, Generally Accepted Accounting Principles, Noncash Investing and Financing Activities