stevenssimeon30
17.02.2020 •
Business
The following are data concerning cash received or paid from various transactions for Orange Peels Corporation.Sale of land - $100,000 Sale of equipment - $50,000 Issuance of common stock - $70,000 Purchase of equipment - $30,000 Payment of cash dividends - $60,000Net cash provided by investing activities is:
(a) $120,000.
(b) $130,000.
(c) $150,000.
(d) $190,000.
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Ответ:
(a) $120,000.
Explanation:
The preparation of the net cash provided by investing activities is presented below:
Cash from investing activities
Sale of equipment $50,000
Sale of land $100,000
Less: Purchase of equipment -$30,000
Net cash provided by investing activities $120,000
The other transactions reflect the financing activities
Ответ:
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