Question

The following data are available for Concord Corporation. Sale of land $225900 Sale of equipment $129300 Issuance of common stock 140600 Purchase of equipment 69400 Payment of cash dividends 120700 Net cash provided by investing activities is____________.

Answer 1

Answer:

$285,800

Explanation:

Investing activities: It records those activities which include purchase and sale of the long term assets . The purchase of long term assets is an outflow of cash and the sale of long term assets is an inflow of cash

Cash flow from Investing activities  

Sale of land $225,900

Sale of equipment $129,300

Less: Purchase of equipment $69,400

Net Cash provided by Investing activities                 $285,800