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21 June, 16:56

In the current year, PULR Company sold land for $ 81,000 cash, purchased a delivery van for $ 22,000 cash, and issued common stock for $ 97,000 cash. The net cash provided by investing activities is

A. $212,000

B, $158,000

C. $185,000

D. $55,000

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  1. 21 June, 17:06
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    B, $158,000

    Explanation:

    Given the following information about PULR in the current year;

    Sale of land = $ 81,000 (Increase in cash balance)

    Purchase of delivery van = $ 22,000 (decrease in cash balance)

    Issued common stock = $ 97,000 (Increase in cash balance)

    All cash transactions.

    Net cash provided by investing activities = $ 81,000 - $ 22,000 + $ 97,000

    = $ 158,000
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