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3 December, 19:56

Ralirali Corporation's financial statements included the following amounts for the current year: Issued new shares of preferred stock $98,000 Loaned cash to key supplier 26 comma 000 Bought new delivery truck for cash 51 comma 000 Proceeds from the sale of used production machinery 23 comma 000 Sold treasury stock 31,000 Based on this information, what is the amount of net cash provided (used) by investing activities?

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  1. 3 December, 20:05
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    -$48,000

    Explanation:

    The computation of the amount of net cash provided or used by investing activities is shown below:

    Cash flow from Investing Activity

    Proceeds from the sale of used production machinery $29,000

    Loaned cash to key supplier - $26,000

    Brought new delivery truck for cash - $51,000

    Net cash used by investing activities - $48,000

    The negative sign represents the outflow of cash while the positive sign represents the inflow of cash
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