In preparing a company's statement of cash flows for the most recent year, the following information...

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Question

In preparing a company's statement of cash flows for the most recent year, the following information...

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	$	15,900
Purchase of equipment		164,000
Proceeds from the sale of equipment		145,000
Repayment of outstanding bonds		96,500
Purchase of treasury stock		71,500
Issuance of common stock		105,500
Purchase of land		134,000
Increase in accounts receivable during the year		52,500
Decrease in accounts payable during the year		84,500
Payment of cash dividends		44,500

Net cash flows from investing activities for the year were:

Multiple Choice

$137,100 of net cash used.
$153,000 of net cash used.
$249,500 of net cash provided.
$290,000 of net cash used.
$153,000 of net cash provided.

business accounting

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Answer 1

Answer #1

Cash flow from investing activities
Purchase of equipment	-164000
Sale of equipment	145000
Purchase of land	-134000
Net Cash used by investing activities	-153000

So answer is b) $153000 of net Cash used

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Answer 2

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