Concord Corporation had the following activities in 2020. 1. Sale of land $184,000 4. Purchase of equipment $415,000 2. Purchase of inventory $873,000 5. Issuance of common stock $288,000 3. Purchase of treasury stock $64,000 6. Purchase of available-for-sale debt securities $55,000 Compute the amount Concord should report as net cash provided (used) by investing activities in its 2020 statement of cash flows.

Question

Bria

Business

7 March, 18:30

Concord Corporation had the following activities in 2020. 1. Sale of land $184,000 4. Purchase of equipment $415,000 2. Purchase of inventory $873,000 5. Issuance of common stock $288,000 3. Purchase of treasury stock $64,000 6. Purchase of available-for-sale debt securities $55,000 Compute the amount Concord should report as net cash provided (used) by investing activities in its 2020 statement of cash flows.

+2

Answers (1)

Know the Answer?

Trey · Answer 1

Net cash flow from investing activities $ (350000)

Explanation:

The investing activities are those that pertain to the purchase and sales of non-current assets and marketable securities

Investing activities section of the statement of cash flow

$

Sale of land 184,000

Purchase of equipment (415,000)

Purchase of treasury stock (64,000)

Purchase of debt securities (55,000)

Net cash flow (350,000)

Net cash flow from investing activities $ (350,000)