glass co. had net income of $70,000 during the year. Depreciation was $10,000. the following information is available: accounts receivable increase (sale price $100,000) non trade notes payable increased by 50,000, equipment purchases increased by 40,000 account payable increase 30,000. what amount should galss report as net cash provided by investing activities

Question

Neil Dunlap

Business

3 November, 08:26

glass co. had net income of $70,000 during the year. Depreciation was $10,000. the following information is available: accounts receivable increase (sale price $100,000) non trade notes payable increased by 50,000, equipment purchases increased by 40,000 account payable increase 30,000. what amount should galss report as net cash provided by investing activities

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Answers (1)

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Kaleigh Fischer · Answer 1

Net cash from investing activities (40,000)

Explanation:

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

Example of such includes the sales and purchase of property plant an equipment. Therefore, the only item to be considered here is the purchase of equipment.

$

Investing activities

Equipment purchase (40,000)

Net cash from investing activities (40,000)