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What is cash flow amount resulting from the sale

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Reference no: EM133306532

Exigent, Inc. repurchases 6,000 shares of $1 par value common stock at $15 per share.

1. What is the cash flow amount resulting from this share repurchase? (Note: inflows are positive and outflows are negative). $

2. What is the classification of the cash flow for this transaction? Enter O, I, or F.

Lockspot Inc. purchased a machine for $135,000 on January 1, 2008. The estimated useful life was 10 years and the salvage value was $5,000. On January 1, 2016, Lockspot sells the machine, reporting a gain of $3,000.

1. What is the book value of the machine on the date of sale?

2. What is the cash flow amount resulting from the sale? (Note: inflows are positive and outflows are negative) $

3. What is the classification of the cash flow for this transaction? Enter O, I, or F.

Reference no: EM133306532

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