PLEASE HELP! net cash flows from investing activities for the year were?

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In preparing a company’s statement of cash flows for the most recent year, the following information is available:

LOSS ON THE SALE OF EQUIPMENT…14,000

PURCHASE OF EQUIPMENT…145000

PROCEEDS FROM THE SALE OF EQUIPMENT…126000

REPAYMENT OF OUTSTANDING BONDS…87000

PURCHASE OF TREASURY STOCK…62000

ISSUANCE OF COMMON STOCK…96000

PURCHASE OF LAND…115,000

INCREASE IN ACCOUNTS RECEIVABLE DURING THE YEAR…43000

DECREASE IN ACCOUNTS PAYABLE DURING THE YEAR..75000

PAYMENT OF CASH DIVIDENDS…35000

Net cash flows from investing activities for the year were:

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A. $134,000 of net cash used by investing activities.

B. $134,000 of net cash provided by investing activities.

C. $120,000 of net cash used by investing activities.

D. $252,000 of net cash used by investing activities.

E. $221,000 of net cash provided by investing activities.

1 Answer

  • A 134,000 outflow.

    Ignore the book loss on sale of equipment, instead use its Proceeds from the sale of 126,000, less Eqpt and Land purchased of 260,000 = 134,000


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