Question

"Oriole Company increased its investments in marketable securities by $329,370 and paid $1,211,231 for new fixed assets during 2017. The company also repaid $773,200 of existing long-term debt while raising $913,555 of new debt capital. In addition, Oriole had a net cash inflow of $348,002 from the sale of fixed assets, and repurchased stock in the open markets for a total of $59,001. What is the net cash used in long term investing activities by Oriole? What is the net cash provided by the company’s financing activities? (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)"

Answer 1

the net cash used in long term investing activities is $1,192,599.

the net cash provided by the company’s financing activities is $81,354.

Step-by-step explanation:

Prepare the following sections of the Cash Flow Statement

Cash flow from Investing Activities

Increase in investments in marketable securities ($329,370)

Purchase of new Fixed Assets ($1,211,231)

Proceeds from sale of fixed assets $348,002

Net Cash from Investing Activities ($1,192,599)

Cash flow from Financing Activities

Repayment of long-term debt ($773,200)

New debt capital raised $913,555

Repurchase of stock ($59,001)

Net Cash from Financing Activities $81,354