Dover Co.'s comparative balance sheet indicated that the Equipment account increased by $40,000. Upon further investigation of the account changes, it is determined that Dover purchased equipment totaling $70,000 for the year. It also sold equipment with an original cost of $30,000 for $8,000 cash. Assuming these are the only transactions affecting the investing activities, Dover will report net cash flows provided by (used in) investing activities of:
A)($40,000).
B)($70,000).
C)($32,000).
D)($62,000).

Question

10-12-2022
Business

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Dover Co.'s comparative balance sheet indicated that the Equipment account increased by $40,000. Upon further investigation of the account changes, it is determined that Dover purchased equipment totaling $70,000 for the year. It also sold equipment with an original cost of $30,000 for $8,000 cash. Assuming these are the only transactions affecting the investing activities, Dover will report net cash flows provided by (used in) investing activities of:
A)($40,000).
B)($70,000).
C)($32,000).
D)($62,000).

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sapanpandit sapanpandit · Answer 1 · 2022-12-17T04:25:19+01:00

Dover will report net cash flows provided by (used in) investing operations of ($62,000), assuming that these are the sole transactions effecting the investing activities.

Cash flow is the net amount of cash and cash equivalents coming into and going out of a business. Inflows are represented by money received, and outflows are represented by money spent.

Ability to generate positive cash flows, or more specifically, potential to maximize long-term free cash flow, is ultimately what determines a company's ability to create value for shareholders (FCF). After deducting any funds used for capital expenditures, a company's free cash flow (FCF) is the cash it generates from its regular business activities (CapEx).

Learn more about cash flows here

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